Royal Dutch Shell Resumed Oil Exploration at Majnoon Oilfield of Iraq
|September 25, 2013||Filled under Iraq Daily News|
Production of oil has been restarted by the Royal Dutch Shell at the Majnoon oilfield of Iraq. Majnoon oilfield of Iraq has been considered as one of the four largest oil fields of the country, which is extremely important for the country at this moment as Iraq has taken an aggressive plan for boosting its oil production rate.
The Anglo-Dutch major, in charge of operations at the southern Majnoon oil field, said yesterday it aims to boost output to 175,000 barrels per day (bpd) in October. A spokesperson from Royal Dutch Shell has stated that it is confirmed that the company has successfully resumed its oil production at the Majnoon oilfield. He also remarked, “We are targeting production of 175,000 bpd in the next weeks.”
Baghdad sent a letter of complaint to Shell last month for missing start-up dates at the 12-billion-barrel oil field, which was pumping about 45,000 bpd when the company took over in 2010. Shell later suspended operations to carry out maintenance.
An official from Iraq’s South Oil Company, which oversees the running of the country’s southern oilfields, had a more ambitious target for Majnoon. He stated, “The test restart of the oilfield will continue until the end of September and production of around 190,000 barrels per day is expected to be reached in October.” Being the second largest producer of OPEC, Iraq is targeting higher for its oil export. By the end of this year, the country has an aim of raising its output level by 400,000 bpd.
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