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Royal Dutch Shell completes the transfer of the management rights of the Majnoon oilfield in Iraq

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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Reuters reported that Royal Dutch Shell has officially handed over its operating
rights to the Iraqi onshore oil field Majnoon.

Officials from Shell and Basra NOC met this week to complete Shell's withdrawal from oil fields
in southern Iraq.
Shell previously said it would give up its 45% stake in the sector and leave
by the end of June.

A source said: "The handover process went smoothly without any problems
.
”

Iraqi officials also revealed that "Shell's withdrawal has no impact on production operations, and we can increase production
without any obstacles.
" ”

The giant Majnoon field produces about 235,000 barrels
per day.
Iraqi Oil Minister Jabbar Al-Luaibi said in April that the Iraqi government aims to boost production to 450,000 barrels
within three years.

Since then, Basra Oil has signed two field development contracts
with China's Andong Oilfield Services and Britain's Petefa.

Reuters reported that Royal Dutch Shell has officially handed over its operating
rights to the Iraqi onshore oil field Majnoon.

Shell

A source said: "The handover process went smoothly without any problems
.
”

Iraqi officials also revealed that "Shell's withdrawal has no impact on production operations, and we can increase production
without any obstacles.
" ”

Since then, Basra Oil has signed two field development contracts
with China's Andong Oilfield Services and Britain's Petefa.

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