Iraq’s fifth bid round launched last year has fallen victim to national electioneering. After missing the first deadline in the timeline announced end of November to conduct a roadshow for the tendered exploration blocks by early February, technocrats at Iraq’s oil ministry received sudden instructions to cut through the usual process and prepare to award exploration and development contracts by April 15. Just like the Iraq National Oil Co (INOC)…
Tag: Gazprom
Syria Redrawing ME Energy Map
Syria might not be a major oil or gas producer in the Middle East, but—depending on the outcome of the Syrian uprising—it may determine the shape of the future regional energy map. The country’s geographic location offers Mediterranean access to landlocked entities in search of markets for their hydrocarbons and to countries seeking access to Europe without having to go through Turkey. The opportunities presented to many in the region…
Drilling Deep in Badra
Drilling in the Badra oil field in the east of Iraq is long and painful. The Iranians had this experience with first six wells drilled in their part of the shared oilfield in the past and now Russia’s Gazprom with its partners are laboring over the deep wells, having the same frustrating and sometimes disappointing experience as foreign operators who drilled on the other side of the border in recent…