Bid Round Four Results

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…

BR4 – New Timetable

New Updated timetable announced by PCLD – Ministry of Oil, as of October5, 2011 Deadline for Participants’ preliminary comments on Contract November 11, 2011 Workshop December 05 – 06, 2011 Final Participants’ comments on Contract December 23, 2011 Publication of the Final Tender Protocol and Definitive Contract January 27, 2012 Deadline for Payment of Participation Fees February 03, 2012 Submission of Bids March 07 – 08, 2012