In its interim results for the first half of 2011, oil services company Petrofac gave the following update on its operations at Shell’s Majnoon oilfield:
“In March 2011, we announced the award of our first contract in Iraq, a US$240 million engineering, procurement and construction management project with Shell. The Majnoon field in southern Iraq is one of Iraq’s largest developments and we are delighted to be working with Shell to assist them with unlocking the field’s potential.
“We are providing engineering, procurement, fabrication and construction management services for the development of a new early production system comprising two trains each with capacity for 50,000 barrels of oil per day, along with upgrading of existing brownfield facilities.
“Work on the project began in mid-2010 and is expected to complete during the fourth quarter of 2012.”