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BP, Eni “Interested in Majnoon Oilfield”

Shell is Expected to Hand Over Majnoon Operations to the State-Owned Basra Oil Company by the End of June 2018.

Both BP and Eni have expressed an interest in developing the giant Majnoon oilfield, which Shell plans to exit next year.

Iraqi oil officials have stated that Iraq’s Ministry of Oil has not yet started negotiations with either company.

BP is currently developing the Rumaila field, while Eni operates Zubair.

Shell is expected to hand over Majnoon operations to the state-owned Basra Oil Company by the end of June 2018.

Both Chevron and Total have been previously reported as being interested in taking over the field.

Source: Reuters

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