Shell lifts first crude oil from Majnoon oil field
THE HAGUE -- Shell announced April 7 that the Majnoon oil field it operates, in partnership with South Oil Company (SOC), Petronas and Missan Oil, in Southern Iraq has successfully exported its first shipment of crude oil to Shell trading, a significant milestone for the field.
The achievement comes as production at Majnoon has reached a current average of 210,000 bopd, well in excess of the 175,000 bopd First Commercial Production target, which initiates the commencement of cost recovery and was achieved after extensive rehabilitation works at the field.
Shell and its partners successfully recommenced production from Majnoon in September 2013, following the completion of major overhaul works, including 28 sq km of mine clearance, extensive refurbishment of brownfield facilities to meet safety standards, and the construction of a new greenfield central processing facility—the largest to be built in Iraq in the last decade—to allow for increased production capacity. To date, 18 new wells have been drilled at the field.