ID :
323573
Tue, 04/08/2014 - 02:10
Auther :

/ Shell / Company dig out the first barrels of crude oil from Majnoon oilfield

Basra / NINA / / Shell / oil company announced on Monday that Majnoon oil field , which is run in partnership with the South Oil Company and / Petronas / Oil Company and Missan in southern Iraq , has successfully exported the first of its crude oil in favor of the company / Shell / what is the beginning of a new phase for this field oil . Vice Chairman of the company in Iraq, Hans Nejkamb said in a press statement today, that this moment is a historic event for the energy sector in Iraq , and that the first shipment of oil from Majnoon field is of great importance for us and our partners in the government. He added, that this achievement is an evidence of our joint progress and marks the beginning of the journey towards more revenue for the Iraqi economy in the long term, noting that progress in the field of Majnoon oilfield would not have been accomplished without the support of the South Oil Company and the partners in the Petronas Oil Company and Missan. He continued that this achievement comes after the production of Majnoon oil field reached to its current rate of 210 000 barrels per day, surpassing by that with a good difference of 175 000 barrels per day, which was the goal of the first commercial production, which would be called the process of cost recovery and that has been done after an extensive rehabilitation work in the field. The Company / Shell / and its partners succeeded in resuming production from Majnoon oilfield in September 2013 after the completion of the main works , which included clearance of an area of 28 square kilometers , and the process of comprehensive rehabilitation facilities abandoned to ensure safety standards , and the building of new facilities, including CPU which is the largest that has been built in the past decade in Iraq to allow for greater production . The company has so far drilled 18 new oil wells, while the project provided more than 2,850 jobs for Iraqis from the surrounding communities of the field. / End

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