Based in: United Kingdom, Netherlands
Royal Dutch Shell plc (LSE: RDSA, RDSB) is an Anglo–Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom.
It is the fourth largest company in the world as of 2014, in terms of revenue, and one of the six oil and gas “supermajors”.
Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
The company has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Fields in Iraq: In 2018, Shell relinquished its 45% share in the Majnoon field to Basra Oil Company (BOC), and sold its 19.6% share West Qurna I to CIECO West Qurna Limited, a subsidiary of Japan’s Itochu Corporation, for $406 million.
Shell is also a key player in the Basra Gas Company (BGC), a joint venture between the Iraq’s South Gas Company (51%), Shell (44%) and Mitsubishi (5%).
From the company’s website:
On April 8, 2014, the Majnoon oilfield successfully exported its first shipment of crude oil to Shell trading, a significant milestone for the oilfield.
The achievement comes as production has reached a current average of 210,000 barrels of oil per day, well in excess of the 175,000 barrels per day first commercial production target.
On September 20, 2013, the first well had been successfully opened and production restarted at Majnoon. Shell Iraq Petroleum Development (SIPD) won the contract to develop the Majnoon oilfield on behalf of the Iraqi Government’s Southern Oil Company (SOC) in 2009.
Majnoon is one of the areas in the world most heavily contaminated with explosive remnants of war. The first stage of field development has involved clearing the area. During its construction phase the project has cleared over 22 square kilometres of land of explosives.
Safety is a top priority. In 2013, the project achieved 10 million man hours with no time lost due to injury. The Majnoon Training Centre, opened in 2013, helps develop health, safety and environment skills among workers.
For latest news on this company’s activities in Iraq please click here.
A full list of International Oil Companies (IOCs) operating in Iraq under licences granted by the Ministry of Oil in Baghdad can be found here.