Q&A: Shell’s Iraq VP Hans Nijkamp
The head of Shell's Iraq operations discusses the criticism of its multi-billion-dollar gas deal, the status of its oil field development, and its long-term strategy.
Vice President of Malaysia's Petronas, Datuk Abdullah Karim (2nd L) initials a contract as Peter Voser, the CEO of Shell, Mounir Bouaziz, Shell Upstream Vice President for Middle East and Africa, and Iraqi Oil Minister Hussein al-Shahristani (R) look on, following the signing of a contract for the Majnoon field in southern Iraq on January 17, 2010, in Baghdad. (AHMAD AL-RUBAYE/AFP/Getty Images)
BAGHDAD - Royal Dutch Shell might soon become the biggest hydrocarbons investor in Iraq. The company has signed two massive oil deals, and its venture to capture and export associated gas from three super-giant fields in Basra is awaiting final approval.
Shell is leading the development of the Majnoon field and is a junior partner to ExxonMobil on West Qurna 1. Combined, those two projects aim to produce 4.625 million barrels per day (bpd) within seven years – nearly two million bpd more than the entire country is producing now, and a full third of its planned output.
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