Since the Rumaila service contract entered into effect on Dec.17, BP and the Rumaila operating division of SOC have not been wasting any time. They held the first joint management committee meeting on Jan.20, decided on a $1.7 billion budget for 2010, and launched the first tenders for drilling and supply contracts. The target is to add between 150,000-200,000 b/d by December 2010 and rehabilitate the gas oil separation facilities…
Month: February 2010
The Four Sisters
After initially announcing three weeks ago that he was setting up Thi Qar Oil Co. in the Nassiriya province, Iraqi Oil Minister Hussein al-Shahristani seems to have got better advice since, and is now set on creating the Midland Oil Co. to be in charge of the central oil and gas fields. Thi Qar division within SOC will remain in charge of the fields in the province, mainly Nassiriya and…
IOCs and the Future of Basrah
I believe the governor’s views are quite right, very positive and give assurances to the IOCs who signed contracts to develop oil fields in the Basrah governorate. The message is clear to the IOCs to engage with the local community and make an effort to reach out. It’s true that, and in spite of the monopolistic and concessionary nature of the old contracts IOCs had with Iraq, Basrah people did…
Shiltagh Aboud
Basrah Governor Dr Shiltagh Aboud lays down his expectations from international oil companies in an interview with Ruba Husari in his office in Basrah Feb. 4th, 2010. Q: Five of the oil fields development contracts awarded recently concern fields in the Basrah province, how do you see the benefits beyond the oil sector? A: I personally consider that the organization of the bid rounds and the participation of companies from…