ExxonMobil Signs on for West Qurna Expansion
ExxonMobil Iraq Limited signed an agreement with the Iraq Ministry of Oil to redevelop and expand the West Qurna-1 field in southern Iraq.
The agreement was signed in Baghdad by representatives of the Ministry of Oil and the West Qurna-1 contractor consortium in the presence of the Iraq Oil Minister Hussain al-Shahristani and Rob Franklin, president of ExxonMobil Upstream Ventures. The consortium members are ExxonMobil as the lead contractor with 60 percent interest, Oil Exploration Company (owned by the Iraq government) with 25 percent interest, and Royal Dutch Shell with 15 percent interest.
"We are pleased to sign the agreement for the redevelopment and expansion of the West Qurna-1 field and look forward to working with the government of Iraq and the South Oil Company on implementation of this important project," said Franklin.
ExxonMobil said it would apply its industry-leading operating capabilities and innovative technology to provide Iraq with maximum benefits from the field.
Operates 14 Offshore Rigs
- Guyana-Suriname Basin Emerges as a Hotbed of Oil, Gas Exploration (Nov 17)
- Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
- Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
Company: Shell more info
Operates 27 Offshore Rigs
- Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
- API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
Company: Iraq Ministry of Oil more info
- Exxon Spearheads Iraqi Water-Injection Project (Apr 19)
- Iraq to Alter Signature Bonuses on 2 Oil Field Deals (Apr 15)
- Iraq Plans New Licensing Auction for 3 Gas Fields (Apr 14)