Majnoon oil field

Coordinates: 31°18′N 47°22′E / 31.3°N 47.36°E / 31.3; 47.36 31°3′58″N 47°36′39″E / 31.06611°N 47.61083°E / 31.06611; 47.61083
Source: Wikipedia, the free encyclopedia.
Majnoon
Majnoon oil field is located in Iraq
Majnoon oil field
Location of Majnoon
CountryIraq
Locationnear Basra
Offshore/onshoreonshore
Coordinates31°18′N 47°22′E / 31.3°N 47.36°E / 31.3; 47.36 31°3′58″N 47°36′39″E / 31.06611°N 47.61083°E / 31.06611; 47.61083
OperatorAnton Oilfield Services
Petrofac
PartnersBasra Oil Company (BOC) - 45%
Petronas - (30%)
Missan Oil Company - (25%)
Service contractorsKBR
Field history
Discovery1975
Production
Current production of oil245,000 barrels per day (~1.22×10^7 t/a)
Estimated oil in place12,600 million barrels (~1.72×10^9 t)
Producing formationsUpper Cretaceous

The Majnoon Oil Field is a super-giant

oil field located 60 km (37 mi) from Basra in southern Iraq.[1] Majnoon is one of the richest oil fields in the world with an estimated 38 billion barrels of oil in place. The field was named Majnoon which means crazy in Arabic in reference to excessive amount of oil in a dense area.[2]

History

The field was discovered by

2003 Iraq War, production was reduced to 46,000 barrels per day (7,300 m3/d).[2] In 2007, Total and Chevron signed an agreement with Iraqi government to explore Majnoon field.[3]

On December 11, 2009, the Iraqi government awarded a license to a joint venture from

Council of Ministers of Iraq on January 5, 2010.[9]

Shell agreed at the end of 2017 to exit the venture and hand over its operation to Basra Oil Company (BOC) by the end of June 2018. Shell was the operator and holder of 45 percent at Majnoon, with Malaysia's Petronas owning 30 percent, and Iraq's Missan Oil Company holding the remaining 25 percent. In June 2018 officials from Shell and Basra Oil Company met to mark the handing over of the operations of the field.

In April 2018, Chinese company Anton Oilfield Services[10] signed an Integrated Facilities Management Services Contract (IFMS) with Iraq's oil ministry, a two-year deal with a one-year extension option, to operate maintenance and production of the Majnoon field on behalf of Basra Oil Company.[11]

In May 2018, US company KBR, Inc. announced that it has been awarded an engineering, procurement and construction management contract (EPCM) by Basra Oil Company (BOC) for the development of the project and construction side of the Majnoon Oil Field in Basra, Iraq.[10]

In January 2021, Anton Oilfield Services and Basra Oil Company agreed to renew their IFMS for two more years (each year a one-year extension option).

Licences

Until June 2018 (when Shell - the operator exited) Shell held a 45% stake in all licences, Petronas 30% and Iraqi Ministry of Oil 25%.[12]

Reservoir

Majnoon's first

Lower Cretaceous) form the pay zones.[2]

Production

According to the 2009/2010 deal, the consortium was to increase production to a peak of 1.8 million barrels (290,000 m3) of oil per day within a seven-year period.[1] Majnoon was the first Iraqi field out of 10 major ones offered to international companies for development.[2] The contract with Shell and Petronas included drilling over 40 production wells, construction of three gas separation stations and two crude oil processing refineries with overall capacity of 100,000 barrels per day (16,000 m3/d).[1][2] The official start date was March 1, 2010.[13] In Phase I of the project, the consortium intended to increase production from 45,000 to 175,000 barrels per day (27,800 m3/d) within a two-year period (i.e. until 2012).[1][14]

In 2010 it was claimed that the production at Majnoon would move Iraq from the 11th place to the 3rd among oil producing nations after only Saudi Arabia and Iran.[13] The country sits on 150 billion barrels of oil and produced 2.5 million barrels per day (400,000 m3/d) in 2010. In 2010, Iraq was expected to increase oil production to 7 million barrels per day (1,100,000 m3/d) within six years, thus competing with Saudi Arabia.[2] However, in 2023 Iraq only produced 4.3 million barrels per day, compared to Saudi Arabia's nearly 9 million barrels per day.

See also

References

  1. ^ a b c d Adal Mirza (2010-04-25). "Iraq agrees Majnoon oilfield development plan". MEED. Middle East business intelligence since 1957. Retrieved 2010-05-21.
  2. ^ a b c d e f g "Offshore-technology.com Majnoon Field, Iraq". Retrieved 2010-05-21.
  3. ^ a b Williams, Timothy (2009-12-11). "Under Tight Security, Iraq Sells Rights to Develop 2 Oil Fields". The New York Times. Retrieved 2009-12-11.
  4. ^ "Iraq oil development rights contracts awarded". BBC News. 2009-12-11. Retrieved 2009-12-11.
  5. ^ "Shell signs initial deal to develop Majnoon oilfield". France 24. 2009-12-12. Retrieved 2009-12-11.
  6. ^ "Iraq oil development rights contracts awarded". BBC News. 2009-12-11. Retrieved 2010-05-21.
  7. ^ Hassan Hafidh (2009-12-07). "Iraq's Giant Majnoon Oil Field to Top Friday's Auction". Rigzone. Retrieved 2010-05-21.
  8. Wall Street Journal. Retrieved 2010-05-21.{{cite news}}: CS1 maint: multiple names: authors list (link
    )
  9. Shell
    . 2010-01-17. Retrieved 2010-05-21.
  10. ^ a b "China's Anton Oil Expands Iraq Presence As Shell Exits". MEES. Retrieved 2024-04-21.
  11. ^ "Shell Exits Majnoon Oil Field In Iraq". OilPrice.com. Retrieved 2019-01-09.
  12. Royal Dutch Shell. 2009-12-11. Archived from the original
    on 2009-12-14. Retrieved 2009-12-11.
  13. ^ a b "Shell to Boost Iraq Majnoon Oil Output, Eyes Gas". Iraq Business News. 2010-03-30. Retrieved 2010-05-21.
  14. ^ Luke Pachymuthu (2010-03-29). "Iraq's Majnoon oilfield to hit 175,000 boed in 2012". Reuters. Retrieved 2010-05-21.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Majnoon_oil_field&oldid=1220071427"