Summer Said
Wall Street Journal
October 6, 2013
PLC officially opened Iraq’s Majnoon oil field in the south of the
country on Sunday, aiming to reach 175,000 barrels a day in the coming
weeks and passing a big milestone for both Shell and Iraq.
Majnoon, located near the city of Basra in southern Iraq, is one of
four major fields that the country is developing with foreign companies
and is vital to its ambitious plan to increase its output to at least 6
million barrels per day from the current production level of 3.2
million.
Shell, which started production from the field’s first well on
September 20, said it had now opened the field’s other wells and
officially inaugurated the field Sunday. Production will be ramped up to
“175,000 barrels a day in the next weeks,” a Shell spokesperson said.
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