Oil and Gas Fields: Majnoon

ScreenHunter_1469 Feb. 12 18.13Name: Majnoon

Controlled by: Ministry of Oil (Baghdad).

Location: Basra governorate, 60 km northwest of Basra city, extending northerly toward the Maysan governorate.

Discovery: 1975

Reserves: 13 billion barrels of oil

Size: 60 kilometres long and 15 km wide

Developed by: Shell (45%); Petronas (30%); Maysan Oil Company (25%)

Contract granted: Second licensing round (2009).

Contract duration: 20 years.

Remuneration: $1..39 per barrel of oil

Plateau production target: 1.8 million bpd.

Other companies involved in the development: Kentz, Foster Wheeler, Petrofac, Halliburton, Novatec

For latest news on the project please click here.

A full list of oil and gas fields controlled by the Ministry of Oil in Baghdad can be found here.