canada goose deals Iraq pipeline delays threaten Shell’s Majnoon canada goose deals
canada goose coats Snow covered Shell logo is seen at a petrol station in Istanbul February 17, 2012. REUTERS/Osman OrsalWary of losses, Shell has asked Iraq for a waiver to start recovering costs if Majnoon does not meet its first commercial production target by year end a contract requirement before costs cheap canada goose uk can be retrieved, according to documents seen by Reuters.Shell troubles illustrate infrastructure hurdles facing oil operators in the OPEC canada goose factory sale nation. Some oil majors have https://www.canadagooseoutlete.com/ begun signing deals with Iraq autonomous Kurdistan region, which they say offers more attractive conditions than the country federal government in southern oilfields.Majnoon is shut for maintenance. But lagging development could put off completion of the new pipeline until the first quarter of next year, according to a Shell document filed with the oil ministry.key concern. remains the uncertain delivery canada goose black friday sale of cheap Canada Goose the First uk canada goose Commercial Production (FCP) pipeline, said the official letter sent by Shell managing director of Majnoon.Another oil ministry document showed Shell had canada goose clearance requested the South Oil Company (SOC) chief review its proposal to start retrieving costs by the canada goose uk shop end of 2012 in case Iraq failed to provide an export route to handle Majnoon output.principle will reduce significant investment risk, the document said.One senior Iraqi 2018 Canada Goose oil ministry official, canada goose clearance sale who asked not to be identified because of the sensitive nature of the matter, acknowledged pipeline progress was slow. But he said Shell was also behind on development at Majnoon to boost output.The 12.6 billion Canada Goose online barrel Majnoon oilfield is one of the major canada goose uk black friday fields alongside Rumaila, West Qurna Phase One and Zubair that Iraq is developing with foreign companies in Canada Goose Jackets the Canada Goose Coats On Sale south as it recovers from years of war and canada goose coats sanctions.In February, production at Majnoon was 54,000 bpd, Shell says, but on average for the first quarter of this year, output was 18,600 bpd, far below the planned year end target.Production at the field was around 45,000 bpd when Shell took over in 2010.Shell has since spent around $1 billion, and planned to invest another $1 billion in 2012.OUTDATED PIPELINE The existing 28 inch Majnoon pipeline cannot cope with the projected increase in crude production.In Canada Goose Online May last year, Iraq and its uk canada goose outlet partners Shell and Malaysia Petronas awarded Dubai based Dodsal Group a $106 million contract to build a 79 km (50 mile) pipeline from Majnoon to a crude storage depot near Canada Goose sale Zubair in southern Iraq.The oil ministry rejected the deal Canada Goose Outlet on costs and handed the project to an canadian goose jacket oil ministry canada goose uk outlet affiliate. Oil officials say the pipeline is not expected to buy canada goose jacket cheap be finished until March 2013.Still, Iraq contracts directorate has ruled dues will be paid after the first commercial production, occurs, according to the oil ministry documents.The Iraqi oil official said state run companies are already working to speed up pipeline canada goose coats on sale construction, and buy canada goose jacket China Petroleum Pipeline (CPP) was contracted recently to build part of the line.But drilling operations in Majnoon are moving at a slow pace, the official said, with only three wells canada goose store completed since a contract for 15 wells was awarded in August 2010.Questioning Canada Goose Parka Shell ability to meet the 175,000 bpd 2012 target, he said two production facilities with a capacity for processing 100,000 bpd of crude, essential for increasing production, were still unfinished at Majnoon.Requests to Shell for comment on the documents were not answered.Majnoon oilfield shutdown for maintenance work on June 26 and a company spokesman said it was canada goose difficult to estimate how long the repair work would take canada goose coats.