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%.
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