BP and Eni are amongst firms which have expressed an curiosity in creating the large Majnoon oilfield which Royal Dutch Shell plans to depart subsequent yr, Iraqi oil officers stated on Monday.

Shell has agreed to exit the Majnoon discipline in southern Iraq and hand over its operation to the state-run Basra Oil Co. by the top of June 2018, in accordance with two Iraqi oil officers.

“BP and Italy’s Eni have approached the oil ministry final month to indicate curiosity in creating Majnoon after Shell exits the sphere,” an oil official near Majnoon operations stated.

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BP and Eni weren’t instantly obtainable to remark.

Two different oil officers confirmed BP and Eni’s curiosity in Majnoon and stated the oil ministry had not but began talks with both firm.

BP is creating Rumaila, Iraq’s largest oilfield, within the south. The discipline at present produces round 1.45 million barrels per day (bpd).

Eni operates the Four-billion-barrel Zubair oilfield within the south, which at present produces round 430,00zero bpd.

Iraqi Oil Minister Jabar al-Luaibi stated on Oct. 9 that Chevron and Total had been among the many firms that had expressed an curiosity in creating Majnoon.

Iraq is creating the Majnoon discipline itself till it might discover a overseas associate.

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“The oil minister Luaibi will instantly supervise the operations in Majnoon after Shell leaves to verify operations won’t be disrupted,” stated one other Iraqi oil official.

Source: www.reuters.com

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