Shell walks away with Majnoon

(FILES) This file picture taken on January 31, 2008 in London shows a Shell sign. Anglo-Dutch energy giant Royal Dutch Shell said Thursday July 31, 2008 its net profits jumped by a third to 11.556 billion dollars (7.409 billion euros) in the second quarter owing to record high oil prices. Net earnings on a current cost of supply (CCS) basis, excluding fluctuations in the value of inventories, rose five percent to 7.9 billion dollars in the three months to the end of June, compared with the same period of 2007. AFP PHOTO/Leon Neal/FILES

Winning bid: Shell

Leon Neal

related stories

By News Wires

 11 December 2009 06:57 GMT

Anglo-Dutch supermajor Shell and Malaysia's Petronas have walked away with one of the major prizes up for grabs at the first day of Iraq's bidding round, snapping up the supergiant Majnoon field - one of the largest untapped reservoirs in the world.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index