If you are trying to figure out who won and who lost in Iraq’s first bid round, consider this: 22 companies have participated in the licensing round making offers for six oil fields and one gas field, as leaders or members of consortia. One gas field, Mansuriya had no takers. China’s CNPC was the most aggressive taking part in 5 offerings followed by Malaysia’s Petronas which targeted 4. Oil majors…
Tag: Akkas
Iraq, Oil Majors Conclude Support Talks
13 May 2008 Five oil majors have wrapped up talks with Iraqi oil ministry negotiators on short-term technical support contracts for five oil-producing fields and are now expected to submit their final proposals to the ministry by June, Iraqi oil sources told International Oil Daily Monday. The Iraqi oil ministry is keen to finalize the deals before it launches its first licensing round for long-term development contracts early this summer….
Iraq, Shell Target Summer Gas JV Deal
30 April 2008 The Iraqi oil ministry and Royal Dutch Shell aim to sign a preliminary agreement this summer to establish a joint venture to exploit associated gas and channel it for domestic use and export for at least 20 years, Iraqi and industry sources told International Oil Daily this week. Plans include building LNG export facilities. Industry sources estimate investment of $2 billion-$5 billion would be required over the…
Iraq Nears Support Deals With Oil Majors
15 April 2008 Iraq’s oil ministry expects to sign two deals with two oil majors by the end of the month under the technical support contracts framework approved recently by the Iraqi cabinet, with two other deals expected to follow shortly afterward, Iraqi oil sources told International Oil Daily Monday. The ministry has also named 35 international oil companies it said have prequalified to bid in the upcoming licensing round…