Shell to meet Majnoon target
Royal Dutch Shell said Wednesday its Majnoon oil field in Iraq is still likely to meet a key production target by the end of this year, despite a series of setbacks that have hampered its development. Shell said the preliminary mechanical work needed before 175,000 barrels of oil a day can be produced at the […]Hassan Hafidh reports for Dow Jones:
Royal Dutch Shell said Wednesday its Majnoon oil field in Iraq is still likely to meet a key production target by the end of this year, despite a series of setbacks that have hampered its development.
Shell said the preliminary mechanical work needed before 175,000 barrels of oil a day can be produced at the super-giant field should be completed by the end of 2012, even though efforts had been stymied by "unexpected mine clearance work, occasional delays in customs and [the] impact of recent weather conditions."
