Royal Dutch Shell PLC (RDSB.LN) aims to start production from a greenfield project in Iraq's Majnoon oil field within the next two to three months, Chief financial Officer Simon Henry said Tuesday.
Royal Dutch Shell PLC (RDSB.LN) aims to start production from a
greenfield
project in
Iraq
's
Majnoon oil field within the next two to three months, Chief financial Officer
Simon Henry said Tuesday.
The ramp up in output from the field was delayed while Shell resolved
operational and legislative issues relating to the project such as cost
recovery and importing equipment, Mr Henry said.
"It's the first
greenfield
project and it's taken some time to generate not just operational capability
but also the legislative capability that goes with it," he told reporters
after the company's annual general meeting. He said that total output from
Majnoon was expected to reach 175,000 barrels a day by the end of the year.
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