IBBC MEMBERS PROFILE
Shell’s presence in Iraq dates back to the early days of the development of the Iraqi oil and gas industry, including the discovery of the Kirkuk oil field in 1927.
In recent years, Shell has been actively supporting the Iraqi Ministry of Oil, by conducting detailed reservoir studies in the Kirkuk field and in Missan region, as well as a joint Gas Master Plan for the country.
Shell Iraq is the lead operator of the Majnoon field and holds a 45% share.
Majnoon is one of the largest oil fields in the world, estimated by the Iraqi government to have about 38 billion barrels of oil.
Shell and the Iraqi Ministry of Oil signed a final agreement in late 2011 to set up a joint venture: Basrah Gas Company, to capture gas produced with oil from fields in the south. This gas is currently flared.
Once the new venture begins gas will be used to generate electricity and sent to the national grid. The rest will be exported to earn revenue for the government.
Working with local communities
In 2011, we continued to work with local communities to help them share the benefits of energy production. We have provided an estimated 1100 jobs for local people, mostly on construction related activities and oil field services.
Shell also worked with the AMAR International Charitable Foundation and the Basrah Health Directorate to set up a scheme to train 50 Iraqi women volunteers in health education.
Shell places safety, respect for people and the environment at the core of everything we do, by:
- Working together with our partners to ensure the safety of all people in our operations.
- Minimising the environmental and social impact of our operational footprint.
- Maximising the employment of local Iraqi staff.
- Establishing and maintaining long-term partnerships with local companies.
- Conducting business as a responsible corporate member of the Iraqi society
For more information www.shell.com