Block 1 Bidders & Bids: None Ministry’s maximum acceptable Remuneration fee: – Location: The block lies within the northwestern part of Iraq, about 100 km west of Mosul by the Syria-Iraq border and covers an area of around 7,300 km2. Geology: Located in Rutba-Jezira tectonic zone, large structures remain undrilled. Two wells have been drilled in the north and the south of the block. Oil was tested from the Miocene and…
Year: 2012
Bid Round 4- Factbox
Bid Round Four Results – Table Prequalified Companies-Final Bid Round Four Calendar of Events-Final Bid Round Four Contract Areas-Table: Signature Bonus & Minimum Work Obligation Bid Round Four-The Process Calendar of Bidding May 30-31 BR4 Map Contract Areas
To Bid or Not To Bid
The first day of Iraq’s oil ministry’s fourth bid round confirmed what many people, including those who worked on the model technical service contract, had expected: conducting exploration and development on the terms offered under these contracts is going to be a hard sale. Kuwait Energy with its partners, Turkey’s TPAO and UAE’s Dragon Oil, was willing to play by what’s on the table to secure Block 9 because it…
The Challenge of Producing Joint Fields
The issue of producing shared or joint fields that straddle borders between Iraq and its neighbors is not new. It’s actually several decades old. The first example was the case of Naft Khana and Naft Shah oil fields, the names are for the parts of a single anticlinal structure extending across the border between Iraq and Iran. Many other examples are present such as the Dahlaran-North Abu Ghirab and Fauqa…