Anton, Petrofac to Develop Iraqi Oilfield
Anton, Petrofac to Develop Iraqi Oilfield

Anton, Petrofac to Develop Iraqi Oilfield

Anton, Petrofac to Develop Iraqi Oilfield

The Iraqi Oil Ministry signed a two-year contract with Anton Oilfield Services and Petrofac on Thursday to operate the giant Majnoon Oilfield, the companies' oil executives said. The companies will operate the southern oilfield on behalf of Iraqi state-owned Basra Oil Company that is taking over operations there from Royal Dutch Shell, Reuters reported. Shell had announced its intention to exit the field, which started production in 2014, by the end of June 2018. The Integrated Field Management Support contract for Majnoon signed with Anton and Petrofac can be renewed after two years, the executives said. The executives, one Iraqi and one foreign, are involved in the project but declined to be identified. Basra Oil said in February it plans to raise output at Majnoon to 450,000 bpd in three years, from 240,000 bpd now, by adding a new production platform. With an output of 4.4 million bpd in March, Iraq is the second-largest producer of the Organization of Petroleum Exporting Countries after Saudi Arabia.


Short URL : https://goo.gl/6gEhEi
  1. https://goo.gl/t3WJ7b
  • https://goo.gl/DiTDDi
  • https://goo.gl/UzA8sn
  • https://goo.gl/VeRJ5k
  • https://goo.gl/jX51bW

You can also read ...

Iraq Oil Output Stable Amid Mass Protests
Iraq is pumping oil at normal levels even as protests spread...
Iran Oil Exports Could Shrink
Iran’s oil exports could fall by as much as two-thirds by the...
Treasury Secretary: US to Mull Iran Waivers
The United States in certain cases will consider waivers for...
EIA forecasts total US crude oil production to average 10.8 million bpd in 2018.
In the July 2018 update of its Short–Term Energy Outlook, the...
Completion of Petrochem  Projects High on Agenda
The completion of value chain, development of petrochemical...
LNG Share to Rise in Global Energy Mix
Liquefied natural gas is projected to come into sharp focus...

Add new comment

Read our comment policy before posting your viewpoints