New Updated timetable announced by PCLD – Ministry of Oil, as of October5, 2011 Deadline for Participants’ preliminary comments on Contract November 11, 2011 Workshop December 05 – 06, 2011 Final Participants’ comments on Contract December 23, 2011 Publication of the Final Tender Protocol and Definitive Contract January 27, 2012 Deadline for Payment of Participation Fees February 03, 2012 Submission of Bids March 07 – 08, 2012
Tag: licensing round
Iraq Votes
The polls are closed and it wasn’t the carnage some were expecting it to be. True, it is quite disturbing to wake up to the sound of mortars on elections day. But that’s not surprising, this is Baghdad after all. Bottom line, Iraq has voted for the second full-term parliament since 2003 despite the threats, the intimidations, the chaos, the interference, and the “de-baathification” saga by the “not so” independent…
2nd Bid Round: The Results – 12 December 2009
– WEST QURNA- Phase 2 OIL FIELD THE BIDDERS: 1. Total (100%) FEE BID : $1.72 PLATEAU:1,430,000 SCORE: 69 2. BP (51%) CNPC (49%) FEE BID: $1.65 PLATEAU: 888,000 SCORE: 66 3. Petronas (60%) Pertamina (20%) Petrovietnam (20%) FEE BID: $1.25 PLATEAU: 1,200,000 SCORE: 87…