Shell Awards Majnoun Oil Deal, Gas Still A Problem

Shell, operator of the consortium developing Iraq’s Majnoun oil field, has awarded an EPC contract as it prepares to ramp up production towards a possible 1mn b/d reduced plateau target. While oil is now flowing after a costly delay, Shell recently revealed that all the associated gas from the 12bn barrel Majnoun field is being flared. Shell has a 45% stake in the long-term technical service contract (TSC) with Malaysia’s Petronas (30%) and Iraq’s Misan Oil (25%).

A Dubai-based joint venture of Foster Wheeler and Kentz won two-year contracts, with an optional year extension, to provide a framework for a number of packages of work on new facilities and rehabilitation or upgrade of existing facilities, the JV said. (CONTINUED - 793 WORDS)