Baghdad Clinches New Zubair Deal With Eni But Shell Majnoon Talks Hit Wall
Iraq’s Oil Ministry has agreed a new 850,000 b/d plateau target for Eni’s Zubair development, but similar talks for Shell’s Majnoon seem to have broken down.
In addition to lowering Eni’s plateau production from 1.2mn b/d to 850,000 b/d Baghdad has agreed to extend the contractual plateau duration from seven to 15-20 years. This follows a January agreement...