Missan Oil Company (MOC) is a state-owned oil and gas company located in the

Maysan Governorate , image_map = Maysan in Iraq.svg , mapsize = 200px , settlement_type = Governorate , subdivision_type = Country , subdivision_name = , subdivision_t ...

Iraq Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...

. The headquarters are located in the capital of the province, Amarah. Missan was spun off from

South Oil Company Basra Oil Company (BOC) is a national Iraqi company responsible for the oil in the south of Iraq. It is situated in Basra. BOC is one of the major fundamental formations of the Iraq National Oil Company (INOC). It was the first nucleus and the ...

in 2008 to expand oil activities in Maysan and to set up and oversee joint ventures with international companies to develop the province's oil fields. The split from South Oil was seen as a political move and aroused international debates.

History

Following the spin-off from South Oil in 2008, Missan initiated an international consortium to develop the Zubair oil field. As part of a series of international licensing rounds, the 20-year deal was finalized in 2010, with companies

Eni Eni S.p.A. () is an Italian multinational energy company headquartered in Rome. Considered one of the seven "supermajor" oil companies in the world, it has operations in 69 countries with a market capitalization of US$54.08 billion, as of 11 Ap ...

(32.81%),

Occidental Petroleum Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States, and the Middle East as well as petrochemical manufacturing in the ...

(23.44%) and Korea Gas Corporation (18.75%) holding stakes in the venture. Missan Oil (25%) and its partners announced plans to increase field production from to around and invest around $6.5 billion into the development of the field. In 2009, as part of the second round of

post-war In Western usage, the phrase post-war era (or postwar era) usually refers to the time since the end of World War II. More broadly, a post-war period (or postwar period) is the interval immediately following the end of a war. A post-war period c ...

oilfield bidding held by the Iraqi government, South Oil (25%) awarded a major contract to

CNPC The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth ...

(37.5%),

Total Total may refer to: Mathematics * Total, the summation of a set of numbers * Total order, a partial order without incomparable pairs * Total relation, which may also mean ** connected relation (a binary relation in which any two elements are comp ...

(18.75%), and

Petronas Petroliam Nasional Berhad (National Petroleum Limited), commonly known as Petronas, is a Malaysian oil and gas company. Established in 1974 and wholly owned by the Government of Malaysia, the corporation is vested with all oil and gas reso ...

(18.75%) to develop the major Halfaya oilfield. After the deal was completed, MOC took over operations and ownership from South Oil, and the final 20-year contract was signed in January 2012. In 2010, MOC signed technical service contracts with CNPC and CNOOC. In 2011, Missan Oil signed another contract with Shell (45%) and Petronas (30%), to develop the Majnoon oil field in the

Basra Basra ( ar, ٱلْبَصْرَة, al-Baṣrah) is an Iraqi city located on the Shatt al-Arab. It had an estimated population of 1.4 million in 2018. Basra is also Iraq's main port, although it does not have deep water access, which is hand ...

region. In 2013, MOC announced the completion of four new production

wells Wells most commonly refers to: * Wells, Somerset, a cathedral city in Somerset, England * Well, an excavation or structure created in the ground * Wells (name) Wells may also refer to: Places Canada *Wells, British Columbia England * Wells ...

in the Halfaya oil field.

Organization

Managing Director Ali Muarij was reported to have been removed from the post in June 2011 after being charged with bad administration and failure to achieve higher oil production results during his tenure. However, as of mid-2012 press reports suggested he was still in his post as head of the company. In 2014, Adnan Noshi was assigned by the

Iraqi Oil Ministry The Ministry of Oil ( ar, وزارة النفط) is the Iraqi government agency responsible for Iraqi petroleum. The Minister of Oil since May 2020 is Ihsan Abdul Jabbar Ismail. Establishments * North Oil Company (NOC) * South Oil Company (S ...

as the new head of MOC.

Operations

The Maysan Oil Company (MOC) is responsible for fields in the Maysan province which include six producing fields (Bazergan, Abu-Gharb, Fakka and Halfaya), as well as Majnoon, which it operates in partnership with the

. Maysan also holds five discovered but unproducing fields, including the Huweiza, al-Rafi’e, East Rafidan, Dujeila and Kumait fields.Foreign Companies Keen to Work for Missan Oil
''Iraq Business News'', 1 December 2011. In 2013, production levels stood at around , with plans to increase to by the end of the year. In 2014, production had reached and the target of was set for 2020.

Operated Oilfields

Halfaya oilfield is one of the seven biggest oilfields in Iraq, with proven reserves of around 4.1 billion barrels.

References

External links