Posts Tagged ‘Block 8’
Now that the fourth bid round is wrapped and closed with just one gas exploration block awarded in addition to two oil exploration blocks, it is time for Iraq’s oil ministry to draw lessons from the lackluster bid round and devise new ways to explore the Western Desert, thought to contain much of Iraq’s gas potential.
The first lesson to draw is that upstream companies are not service companies, ready to jump in on whatever terms just because their petroleum costs are paid in addition to the fixed fee. They …
Bid Round Four Results – Table
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