2nd Bid Round Model Contract (DPSC)

Development & Production Service Contract

2nd bid round . Badra . development and production service contract . development plan . garraf . Halfaya . Majnoon . model contract . Najmah . oil ministry . pcld . petroleum cost . plateau . Qayarah . remuneration fee . service contract . Shahristani . Somo . supplementary cost . West Qurna-2 Model Contracts

1st Bid Round Model Contract (PFTSC)

Producing Field Technical Service Contract

1st bid round . 2nd bid round . contracts . initial development plan . model contract . oil ministry . pcld . PFTSC . plateau . producing fields . PSA . remuneration fee . Rumaila . service contract . Shahristani . west qurna-1 . Zubair Model Contracts

Iraq’s Technical Service Contracts

Iraq’s Technical Service Contracts: A Good Deal for Iraq? By Peter Wells

1st bid round . 2nd bid round . cash flows . contracts terms . DNO . IRR . KRG . licensing round . model contract . NPV10 . PSA . Rumaila . service contracts . Shamaran . West Qurna . Zubair Studies, Speeches & Presentations

Early Bonanza

There is a bonanza for international oil companies who managed to make an early entry into Iraq. Operators like BP, Eni, Exxon Mobil – and to a certain extent CNPC which managed to convert its 1997 production sharing agreement for the development of Al-Ahdab field into a service contract last year – will have first call on the limited infrastructure capacity to absorb the new crude they will start pumping over the next few years. Those who will succeed in clinching a few deals in December might struggle with bottlenecks in pipelines and export facilities once the fields they are meant to develop come on stream. But it’s mostly a challenge for Iraq to cater for these capacity additions in…

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1st bid round . 2nd bid round . Al-Ahdab . BP . CNPC . ENI . Exxon Mobil . licensing round . model contract . oil ministry . Opec . operator . performance factor . production capacity . PSA . PSC . remuneration fee . Shahristani . TSC The View from Baghdad