UK’s Proserv Wins Contract at Majnoon Oilfield

By John Lee.

UK-based global controls technology company Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq.

The deal has been arranged through KBR, the Houston based engineering, procurement and construction management (EPCM) company, which is the EPCM lead on BOC's plans to significantly ramp up production capabilities at the field.

The 22 WHCPs each has the capability of controlling up to four wells and they have been earmarked for use on 70 new wells which are currently in the development phase. At present, Majnoon has a capacity of just over 200,000 barrels per day (bpd) of production, but BOC's strategy is to more than double this to above 400,000 bpd in the next two years.

Proserv will deliver the WHCPs in three lots, with the first due towards the end of Q3 2021, with the second scheduled for Q4 and the final tranche set to arrive in March 2022.

The firm will make use of its well-developed footprint in the Arabian Gulf to deliver this order, with the WHCPs being manufactured at Proserv's dedicated site in Jebel Ali, Dubai.

The value of the contract has not been disclosed.

(Source: Proserv Controls)

The post UK's Proserv Wins Contract at Majnoon Oilfield first appeared on Iraq Business News.

Cabinet Extends Contracts of KBR and Antonoil at Majnoon

By John Lee.

The Iraqi Cabinet has approved the renewal of two contracts at the Majnoon oil field.

Chinese company Anton Oilfield Services Group (Antonoil) is to continue to provide Integrated Field Management, while the American company KBR will provide Engineering, Procurement and Construction Management (EPCM).

The decision allows for the extension of the contracts for two more years, with an option to increase that to three years.

Both companies were awarded the contract by Basra Oil Company (BOC) in 2018, when BOC took over operations at Majnoon from Shell.

(Source: Office of the Prime Minister)

The post Cabinet Extends Contracts of KBR and Antonoil at Majnoon first appeared on Iraq Business News.

Shell hands over Majnoon Oilfield

By John Lee.

Shell has reportedly exited the Majnoon oilfield and handed over its operations to the Basra Oil Company (BOC).

Sources told Reuters that the handover was formalised on Wednesday, and that the process was “smooth“.

According to the news agency, Anton Oilfield Services (AntonOil) and Petrofac will now operate the giant oilfield on behalf of the BOC, under a two-year contract; last month, KBR announced that it will has been awarded a contract for the development of the field.

(Source: Reuters)

KBR Confirms Contract to Develop Majnoon

KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq.

Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two plus one year extendable service contract.

Jay Ibrahim (pictured), KBR President Europe, Middle East, Africa and Asia-Pacific region, commented:

KBR has a long and rich history in Iraq and we are excited to be able to leverage our broad expertise in onshore oil and gas processing facilities across the project lifecycle as a true partner to BOC.

“This award highlights BOC’s confidence in KBR’s capabilities to deliver in multiple engineering discipline areas across a variety of projects. We look forward to transferring our knowledge and experience to local Iraqis in order to leave a lasting legacy in the country.

A statement from the Ministry of Oil at the end of April put the value of the contracts with KBR and China’s Anton Oilfield Services Group (Antonoil) at $118 million, adding that there would be “other secondary contracts” to follow.

BOC is expected to take over operations at Majnoon from Shell by the end of June.

(Sources: KBR, Ministry of Oil)

New Contracts Signed to operate Majnoon Oilfield

By John Lee.

Basra Oil Company (BOC) has signed contracts with the Chinese company Anton Oilfield Services Group (Antonoil) and the US company KBR to operate and maintain the Majnoon oil field.

A statement from the Ministry of Oil put the value of the contracts at $118 million, adding that there would be “other secondary contracts” to follow.

BOC will take over operations at Majnoon from Shell by the end of June.

(Source: Ministry of Oil)

KBR, Anton Oil to replace Shell at Majnoon?

By John Lee.

According to a report from Platts, the Iraqi oil ministry is about to award two management contracts to replace Shell at the Majnoon oil field.

Sources say the state-run Basra Oil Company (BOC) has opted to operate the field instead of replacing Shell, and junior partner Petronas, which announced last year it was relinquishing its 2010 technical service contract.

They added that KBR will play a project management consultant role, while China’s Anton Oil will handle production operations and management, ch after the recent oil price decline — which altered the financial equation for the contract.

More here from Platts.

(Source: Platts)

KBR to help Develop Majnoon Oilfield

By John Lee.

Iraq has reportedly reached an agreement with US engineering firm KBR to help manage projects to develop production capacity at the Majnoon oilfield.

Shell is preparing to exit the Majnoon oilfield by the end of June 2018, handing it over to the state-run Basra Oil Company (BOC).

Ihsan Abdul Jabbar, the head of the BOC, told Reuters that he is targeting to cut the cost of the projects’ development by 30 percent this year, adding that the development cost for Majnoon set by Shell in 2017 was $1 billion.

He also said that Iraq was still in talks with another foreign engineering firm to operate the energy facilities at the field, with a deal expected before June.

Shell is now advising the Majnoon management on the tendering process, and on maintaining normal operations at the field, said Abdul Jabbar.

(Source: Reuters)