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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Basra seeks to produce one million barrels per day from Majnoon field

    Rocky
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    • Post n°1

    Basra seeks to produce one million barrels per day from Majnoon field Empty Basra seeks to produce one million barrels per day from Majnoon field

    Post by Rocky Mon Jan 29, 2018 4:15 am

    [size=30]Basra seeks to produce one million barrels per day from Majnoon field[/size]
    29/01/2018 09:48 | Number of readings: 112
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    [rtl]Trend Press / Basra[/rtl]
     
     
    [rtl]The director of development in Majnoon oil field, the ability to receive the field and enable the staff of the Basra Oil Company to operate safely according to international standards, after the departure of Royal Dutch Shell .[/rtl]
     
    [rtl]"The presence of future projects aimed at raising the production capacity of" Majnoon oil ", to 450 thousand barrels per day as a first stage, to reach one million barrels per day or more," said Zia Allaibi, in a press statement obtained by "Trend Press" on Monday, .[/rtl]
     
    [rtl]He added that among the future projects of "Majnoon oil"; the investment of acid gas, the establishment of gas isolation station capacity of 200 thousand barrels, in addition to the drilling of 80 wells, and gas power station .[/rtl]
     
    [rtl]Al-Allaibi assured the workers in the field that "Basra oil" will keep them in business and provide job opportunities for citizens .[/rtl]
     
    [rtl]He continued that "Basra oil" is currently working on the structure of the field, supported in its work on investment companies to manage projects in the field; to reduce the cost by 30%, with the use of Iraqi labor in those tasks .[/rtl]
     
    [rtl]He pointed out that consulting companies of foreign nationalities, including " KBR" , and that the companies that will occupy the field under study and planning .[/rtl]
     
    [rtl]And the beginning of last November; agreed to "Shell" to exit from the field, "Majnoon oil" and hand over operations to the Basra Oil Company at the end of June 2018 .[/rtl]
     
    [rtl]The field of "Majnoon oil" in the province of Basra in southern Iraq, one of the largest oil fields in the world, and got "Shell" in 2009 the contract development of the South Oil Company, the field, after the damage caused by the war on Iraq 2003 .[/rtl]
     
    [rtl]KPR English Engineering and Construction works in the Iraqi oil market and has two offices in Basra, southern Iraq, and the other in Irbil, the capital of Kurdistan region in northern Iraq. "[/rtl]
     
    [rtl]The estimated reserves of "Majnoon oil" on the southern border of Iraq, about 42 billion barrels of crude oil, and about 4.5 trillion cubic feet of gas .[/rtl]
     
    [rtl]The current production is about 235 thousand barrels per day and 70 million cubic feet of gas, mainly involved in the processing and supply of power station Rumaila .[/rtl]
     
    [rtl]Shell British Dutch is the main operator of the field with 45% stake, in partnership with Petronas 30%, and Iraqi oil company Maysan 25%, and exported the first shipments of oil after the development of the field in April 2014 .[/rtl]
     
    [rtl]Shell Royal Dutch announced in September that it will focus its efforts on the development of the Basra Gas Company in Iraq after the delivery of operations of the project "crazy" again to the Iraqi government .[/rtl]
     
    [rtl]Shell has been working on Iraqi oil for more than 100 years since the discovery of black ore in Iraq, as well as its expansion into gas fields .[/rtl]
     
    [rtl]It should be noted that the withdrawal of "Shell" from the Iraqi field comes within the framework of its global program to exit from oil assets worth 30 billion dollars because of the lack of profits .[/rtl]
     


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