KBR Secures IFMS Contract for Majnoon Field Tapping 38B-Barrel Reserves
KBR won a Basra Oil Company contract for integrated field management at the Majnoon Oil Field, tapping reserves of over 38 billion barrels. The scope covers AI-driven reservoir optimization and deploys about 2,000 local personnel to modernize facilities and boost crude production.
1. Contract Award
KBR has been awarded an Integrated Field Management Services (IFMS) contract by Basra Oil Company to develop the Majnoon Oil Field in southern Iraq, one of the world’s largest with over 38 billion barrels of reserves. This award highlights KBR’s capabilities in delivering large-scale upstream engineering and operations services.
2. Scope of Services
Under the contract, KBR will provide subsurface drilling, reservoir engineering, operations management and maintenance services, integrating advanced AI-driven reservoir optimization and digital field technologies to modernize facilities and enhance production efficiency.
3. Workforce and Local Development
The project will engage approximately 2,000 in-country personnel, combining local hires with global engineering centers to foster knowledge transfer, build technical skills and support community initiatives focused on safety and operational excellence.
4. Strategic Impact
This strategic win strengthens KBR’s presence in Iraq’s energy sector, leveraging decades of in-country experience and positioning the company to pursue further opportunities in regional oil field development and service contracts.