Tag Archives | Majnoon

CPECC wins $204m Contract at Majnoon

By John Lee. The China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $203.5 million engineering contract to treat sour gas at the Majnoon oilfield in Iraq. According to Reuters, the field is now producing around 240,000 barrels per day (bpd), with plans to boost output to 450,000 bpd in 2021. Originally awarded […]

Anton Oilfield Services Targets Expansion in Iraq

By John Lee. China's Anton Oilfield Services (AntonOil) has reported that the Group has received written confirmation from its Iraqi customer in advance that it will automatically renew the 2-year contract after its expiry on July 1, 2020 for one year. In its unaudited interim results for the one year ended 31 December 2019, it […]

New Drilling Contracts Awarded at Majnoon

By John Lee. Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. China's Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 million, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 […]

Video: Iraq tries to Attract Foreign O&G Investments

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq’s government wants to see a big increase in oil production. Oil and natural gas make up 90 percent of the country’s revenue. But years of war and new environmental challenges are making […]

$2.2bn Shell payment to Iraq

By John Lee. Oil giant Shell has just published details of its transactions with the Government of Iraq in 2018 in respect of the Majnoon oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: Shell)

Increased Oil Production planned for Majnoon

By John Lee. Oil production at Majnoon oilfield is reportedly planned to increase from 240,000 barrels per day (bpd) currently to 290,000 bpd by the end of 2019 and 450,000 bpd by the end of 2021. State-owned Basra Oil Company (BOC) took over the field from Shell and Petronas at the end of June 2018, with […]

Schlumberger to Drill 40 Wells at Majnoon

By John Lee. US-based Schlumberger has won a deal with Iraq's Basra Oil Company (BOC) to drill 40 new wells at Majnoon oilfield. In a statement on Wednesday, the Ministry of Oil also announced that the BOC had entered into a 19-month contract with the Iraqi Oil Exploration Company to carry out 2D and 3D […]

Petrofac awarded Basra Oil Company EPC Contract

Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to […]

Shell hands over Majnoon Oilfield

By John Lee. Shell has reportedly exited the Majnoon oilfield and handed over its operations to the Basra Oil Company (BOC). Sources told Reuters that the handover was formalised on Wednesday, and that the process was "smooth". According to the news agency, Anton Oilfield Services (AntonOil) and Petrofac will now operate the giant oilfield on […]

Ducorr completes Corrosion Protection work at Majnoon

By John Lee. Sharjah-based Ducorr has reportedly completed the design and deployment of a cathodic protection system for Shell’s Majnoon oil field. Construction Week Online quotes company sources as saying that the flowlines were buried in very corrosive soil, hence the need for protection. (Source: Construction Week Online)

KBR Confirms Contract to Develop Majnoon

KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two […]

New Contracts Signed to operate Majnoon Oilfield

By John Lee. Basra Oil Company (BOC) has signed contracts with the Chinese company Anton Oilfield Services Group (Antonoil) and the US company KBR to operate and maintain the Majnoon oil field. A statement from the Ministry of Oil put the value of the contracts at $118 million, adding that there would be "other secondary […]