Iran/Iraq | JAPEX

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In Iran, our equity-method affiliate JJI S&N B.V. is participating in a development and production project in the Soroosh and Nowrooz oil fields. Full-scale production from both fields was achieved in July 2005, and production operations were handed over to National Iranian Oil Company.

Block Name

Soroosh and Nowrooz fields

Affiliate

JJI S&N B.V.

Participating Interest

Shell Exploration B.V.

70%

JJI S&N B.V.

20%

OIEC

10%

Activities

Achieved production of 190,000 BOPD from the two fields in July 2005. Completed the handover of the two fields to NIOC in August 2005.


Soroosh field	Nowrooz field

Since March 2005, JAPEX has been engaged in technical cooperation with Iraq’s Ministry of Oil. Since then, we have conducted evaluation studies of undeveloped oil fields jointly with the Ministry’s engineers. We have also been reviewing technology for upgrading heavy crude oil and methods to increase production, and providing support technologies related to 3D seismic survey. Over the past three years, JAPEX has welcomed more than 450 trainee engineers dispatched from the Ministry of Oil. Since the beginning of 2008, the Ministry has been screening the qualifications of international oil companies around the world for future Iraq’s oil fields development. JAPEX has been included among 35 companies qualified from 120 applicants.