Wednesday, June 27, 2018

Something Tells Me This Does Not Bode Well For Iraq -- Shell Turns Over Major Field To Iraq; Exits -- Can't Come To Agreement, Cutting Their Losses; Iraq Losing Expertise And Adult Leadership -- June 27, 2018

From, data points:
  • unable to come up with an agreement, Shell and Iraqi state-run Basra Oil Company part ways
  • Majnoon oilfield
  • Shell was the operator and holder of 45% at Majnoon
  • Malaysia's Petronas owned 30%
  • Iraq's Missan Oil Company held 25%
  • production: 235,000 now; plans to increase to 400,000 bpd in the "coming years"
  • Anton Oilfield Services and Petrfac have a two-deal to operate the field on behalf of Basra Oil Company
Back to the Bakken

Active Rigs65593075193

Eleven new permits:
  • Operators: Enerplus (10); Resonance Exploraiton
  • Field: Antelope (McKenzie): Russell (Bottineau)
  • Comments: Enerplus has permits for a 10-well tortoise and turtle pad in SWSE 33-152-94; see graphic below; the Enerplus tortoise/turtle pads are tracked here;
Again, another day with no DUCs reported as completed.

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