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YPE Dubai and Abu Dhabi: Speaker Series at Shell – “Gas to Power in Iraq”

Flares Down and Gas to Power in Iraq Shell is playing a pivotal role in developing Iraq’s gas master plan in partnership with the Ministry of Oil, an affiliation that dates back to 2005.A decade on Shell has established a broad portfolio of assets which are helping to build a processing infrastructure vital to unlocking Iraq’s potential to become a world leading gas producer and in parallel reduce flaring. As one of the largest investors in the country’s energy industry Shell is significantly involved in the Basrah Gas Company (BGC) Joint Venture with a 44% stake alongside majority shareholder the South Gas Company (51%) and Mitsubishi Corporation (5%).The unique midstream company captures, treats and monetizes associated natural gas that is currently being flared from West Qurna 1, Zubair and Rumaila oil fields. Since the start of operations in May 2013, gas processing capacity volumes have doubled, and in March 2015, a record of 515 mmscf of natural gas per day was produced, along with a record 3075 tons of LPG – volumes not seen for more than a decade.

Shell’s position in Iraq is underpinned by its upstream assets and as the operator of Majnoon, one of the world’s largest oil fields, it is also working on a technical solution with the Government of Iraq to capture the associated gas produced during oil production, that is also currently flared, so it can be sent to a power plant in North Rumaila.

Building a material gas based business where Shell’s upstream venture can provide the associated gas to be processed at BGC’s midstream operations whose products can in turn feed a downstream petrochemicals industry and reduce flaring whilst adding power to the grid helping to meet Iraq’s domestic energy demands.

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