Jabbar Al-Luaibi

Former Director General of South Oil Co and oil ministry advisor Jabbar al-Luaibi discusses in an interview with Ruba Husari in Dubai May 16, 2009 the state of the oil fields in southern Iraq and the reasons behind the recent loss in production capacity at Iraq’s major producing oil fields.

Q: You brought the oil sector back from the ashes in 2003 and ramped up production till you achieved an unprecedented peak in 2007. Why the sudden deterioration and the loss of production capacity now?

A: It’s true, the oil production profile was almost zero after the end of the war in 2003. We restarted production immediately at 50,000 b/d once the war ended in April and we were already producing 500,000…

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Baghdad Rethinks Short-Term Service Deals

11 July 2008

The Iraqi oil ministry has asked Western majors to submit new proposals for technical support contracts (TSC) running for one year, rather than the planned two years — raising questions about the viability of the new deals, industry and Iraqi sources told International Oil Daily this week.

Majors were expected to sign two-year TSCs at the end of last month, but Oil Minister Hussein al-Shahristani put the contracts on hold at the last minute, without giving a reason. At a press conference he organized on Jun. 30 to launch Iraq’s first bid round since the US-led invasion of 2003, the minister said the agreements were not reached because majors had “asked for a share of production.” That assertion was…

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1st bid round . BP . Chevron . Exxon Mobil . NOC . Shahristani . Shell . SOC . Total . TSC 2008

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. The bidding round, the first since the US-led war on Iraq in 2003, will include the five fields subject to the technical support contracts, in addition to up to five more oil and gas fields in northern and western Iraq, sources in Baghdad told International Oil Daily separately Monday.

“There are no further…

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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 to develop seven oil and gas fields, the first licensing round since the fall of the previous regime in 2003.

A Baghdad source said the last round of talks held in mid-March with BP, Chevron with partner Total, Exxon Mobil and Royal Dutch Shell were “non-conclusive” and a new round is tentatively set…

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1st bid round . Akkas . BP . Chevron . contracts . DFI . Exxon Mobil . Kirkuk . Missan . negotiations . NOC . prequalification . Qayarah . Rumaila . Shahristani . Shell . SOC . Total . TSC . West Qurna . Zubair 2008