Wall Street Journal
October 6, 2013
PLC officially opened Iraq’s Majnoon oil field in the south of the country on Sunday, aiming to reach 175,000 barrels a day in the coming weeks and passing a big milestone for both Shell and Iraq.
Majnoon, located near the city of Basra in southern Iraq, is one of four major fields that the country is developing with foreign companies and is vital to its ambitious plan to increase its output to at least 6 million barrels per day from the current production level of 3.2 million.
Shell, which started production from the field’s first well on September 20, said it had now opened the field’s other wells and officially inaugurated the field Sunday. Production will be ramped up to “175,000 barrels a day in the next weeks,” a Shell spokesperson said.
This article was posted: Sunday, October 6, 2013 at 12:06 pm