The Majnoon Oil Field is a super-giant oil field located 60 km (37 mi) from Basra in southern Iraq. Majnoon is one of the richest oil fields in the world with an estimated 38 billion barrels of oil in place, and new seismic work could also reveal even more reserves than the already discovered 47 billion barrels.The field was named Majnoon which means crazy in Arabic in reference to excessive amount of oil in a dense area. Now Iraq state-run Basra Oil Company operates the field with support from China’s Anton Oil and KBR.
Development History：
• 1975: Discovery of Majnoon Oilfield by Braspetro, a Brazilian company
• 1980: Development of the oilfield came to a halt due to the Iran-Iraq War
• Post-1980: After the war, the Southern Oil Company of Iraq resumed production.
• 1990s: Total S.A. of France negotiated a development contract with Saddam Hussein but couldn't finalize the deal due to UN sanctions on Iraq. Hussein eventually annulled the deal in 2002.
• 2003: Due to the 2003 Iraq War, production was reduced to 46,000 barrels per day.
• 2007: Total and Chevron signed an agreement with the Iraqi government to explore Majnoon field.
• December 11, 2009: The Iraqi government awarded a license to a joint venture between Shell and Petronas to take over operations at Majnoon Oilfield
• January 5, 2010: The contract for the joint venture was approved by the Council of Ministers of Iraq.
• End of 2017: Shell agreed to exit the venture and hand over its operation to Basra Oil Company (BOC) by the end of June 2018.
• April 2018: Anton Oilfield Services signed an Integrated Facilities Management Services Contract (IFMS) with Iraq's oil ministry to operate the maintenance and production of the Majnoon field on behalf of Basra Oil Company, with a one-year extension option.
• May 2018: KBR, Inc. was awarded an engineering, procurement, and construction management contract (EPCM) by Basra Oil Company (BOC) for the development and construction side of the Majnoon Oil Field in Basra, Iraq
• January 2021: Anton Oilfield Services and Basra Oil Company agreed to renew the IFMS for two more years with a one-year extension option.
