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2014-03-20 08:12:00

SHELL DEVELOPES MAJNOON

SHELL  DEVELOPES  MAJNOON

OGJ.  Shell Iraq Petroleum Development BV has let engineering and procurement services contracts to Foster Wheeler Kentz Energy Services DMCC, Dubai, for Shell's Majnoon field in Iraq. The 2-year contracts include concept selection, front-end design, detailed design, procurement, and contract services, said Foster Wheeler Kentz.
In 2010, Iraq's Oil Ministry signed a 20-year contract with Royal Dutch Shell PLC and Malaysia's Petronas to provide technical assistance in the development of the Majnoon oil field (OGJ Online, Jan. 18, 2010). Majnoon, which lies in southern Iraq 70 km north of Basra City, is one of the world's largest oil fields with 38 billion bbl of oil in place, according to the Iraqi government.
Operator Shell holds a 45% share. Partner Petronas holds 30% while Iraq's state holdings are 25%.

Tags: SHELL, IRAQ, PETRONAS

Chronicle:

SHELL  DEVELOPES  MAJNOON
2018, June, 20, 12:45:00

NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD

NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.

SHELL  DEVELOPES  MAJNOON
2018, June, 20, 12:40:00

LIBYA'S OIL PRODUCTION DOWN 400 TBD

PLATTS - Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the country?s National Oil Corp. said Tuesday.

SHELL  DEVELOPES  MAJNOON
2018, June, 20, 12:35:00

VENEZUELA'S OIL PRODUCTION DOWN

PLATTS - Venezuela's crude output averaged 1.36 million b/d in May, down from 1.41 million b/d in April, and 1.9 million b/d in May 2017, according to S&P Global Platts. The International Energy Agency said it could fall to 800,000 b/d or even lower next year.

SHELL  DEVELOPES  MAJNOON
2018, June, 20, 12:30:00

NIGERIAN OIL SALES

PLATTS - Nigerian oil has been slow to sell this month as bidders for the country's July-loading heavy and light sweet crudes have been absent from the market. Market participants pegged the amount of unsold Nigerian barrels loading in July at 20 million-34 million barrels, amounting to roughly 40%-75% of what is produced in a month.

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