Royal Dutch Shell is in talks with Iraq to cut the production target for the Majnoon oilfield, oil ministry documents show, in a move that may prompt discussions with other companies and lead to a downsizing of the country's unrealistic output goa
Iraq and partners Royal Dutch Shell and Petronas awarded a contract worth more than $60 million to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, an Iraqi oil official said.
The construction and
Iraq's Majnoon oilfield is targeting production of 175,000 barrels of oil equivalent per day in 2012, a senior Royal Dutch Shell executive said on Monday.
Iraq's largest field is currently pumping at 45,000 boe/d, Shell's Mouni
Royal Dutch Shell and partner Petronas of Malaysia won a deal to develop Iraq's super-giant Majnoon oilfield on Friday, said Oil Minister Hussain al-Shahristani, in the country's second bidding round since the 2003 US invasion.