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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Watering the Oil Fields

Iraq is set to witness a few firsts when it comes to how oil fields have been and are being developed around the world. After all, at no time in the history of the industry has so many oil fields of this size been developed all at once in such a short time span. One of the major firsts will no doubt be the Common Seawater Supply Facility (CSSF) which will aim to process up to 15 million barrels per day of raw seawater from the Mideast Gulf in order to provide some 12 million b/d of treated water to be injected in fields in southern Iraq as they are developed. That makes it the biggest such project in the…

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2nd Bid Round Model Contract (DPSC)

Development & Production Service Contract

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Thamir al-Ghadhban

Thamir al-Ghadhban, former Iraqi Minister of Oil and Chairman of the Advisory Commission at the Prime Minister’s office, gives his take on the latest developments in Iraq’s oil sector and analyses future trends in an interview in Baghdad with Ruba Husari.

Q: How do you expect a new government following the March 7 legislative elections to deal with the signed contracts? Is there a risk that the legality of those contracts might be challenged by a future government if it’s not led by the same party that legalized them?

A: I expect any new government that will formed in the coming months to accept the signed contracts and continue with their implementation. I don’t think there is any risk there related to…

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1st bid round . 2nd bid round . cash flow . decline rate . elections . exports . garraf . gas . Haditha . Halfaya . INOC . IOCs . K3 . Kirkuk . KRG . Kurdistan . LNG . Main Pay . Majnoon . Midland Oil Co . Mishrif . MOC . NOC . oil and gas law . oil ministry . parliament . peak oil . pipelines . plateau . production . PSA . ratification . recovery rates . refineries . remuneration . results . Rumaila . service contracts . Shahristani . Shura council . SOC . Somo . Syria . terminals . thamir al-Ghadhban . Turkey . West Qurna . western desert . Zubair The Interview