IDC’s Success Story

Iraq Drilling Co (IDC) is back in force and seems on the way to turn itself into a success story by teaming up with the big ones. After the short setback following the failed joint venture with Mesopotamia Petroleum, it has finally found the magic formula to play the leading role in the gigantic drilling effort that will take place across the Iraqi oil fields over the next few years.

In the first drilling tender launched earlier this year for drilling in Rumaila oil field, IDC bid jointly with Schlumberger, the world’s largest oilfield services provider and together they won a contract to drill 21 new wells and carry out workover jobs on 23 wells. IDC will supply three of its…

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al-Ghadban . bids . drilling . drilling tenders . Gharraf . Halliburton . IDC . Iraq drilling company . Majnoon . Mesopotamia Petroleum . Najmah . OEC . oil ministry . pipelines . pumping stations . Qayarah . rigs . Rumaila . Schlumberger . Scop. . service contracts . Shahristani . tank farm . Weatherford . wells . West Qurna . workover . Zubair The View from Baghdad

Iraq’s Crude Oil Capacity

Iraq’s Crude Oil Capacity: The Way Ahead By Thamir al-Ghadhban

2nd bid round . al-Ghadban . CWC . iraqi government . oil policy . Opec . production capacity Studies, Speeches & Presentations

Thamir Al-Ghadban

Former Oil Minister and Chief Advisor to the Iraqi Prime Minister Thamir al-Ghadban talks to Ruba Husari in London April 29, 2009

Q: What are the chances that the first bid round concludes according to schedule this summer?

A: Based on what has been done so far starting from the announcement of the first licensing round last year and all the steps that followed, including the road-show in London, the workshop in Istanbul, the continuous updating of the contracts and other documents and the main milestones like the final tender protocol sent out to participating companies recently, it’s clear to me that the ministry is doing its best to meet its targets. A two-day meeting with the oil companies is planned for…

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1st bid round . 2nd bid round . al-Ghadban . contractor . Field Operating Division . final tender protocol . hydrocarbon law . Kirkuk . ministry of oil . MOC . model contract . Nahr bin Umar . Nassiriya . NOC . oil fields . operator . Rumaila . SOC . Thamir The Interview