Posts Tagged ‘PetroVietnam’
Bidders & Bids: None
Ministry’s maximum acceptable Remuneration fee: –
Location: The block lies within the northwestern part of Iraq, about 100 km west of Mosul by the Syria-Iraq border and covers an area of around 7,300 km2.
Geology: Located in Rutba-Jezira tectonic zone, large structures remain undrilled. Two wells have been drilled in the north and the south of the block. Oil was tested from the Miocene and oil shows were obtained from many Mesozoic levels.
Signature Bonus: $15 Million
Minimum Expenditure: $110 Million…
Bid Round Four Results – Table
Bid Round Four Calendar of Events-Final
Bid Round Four Contract Areas-Table: Signature Bonus & Minimum Work Obligation
Bid Round Four-The Process
Calendar of Bidding May 30-31
25 April 2008
India’s state Oil and Natural Gas Corp. (ONGC) and Indonesia’s Pertamina recently opened talks with Iraq’s oil ministry about renegotiating exploration contracts signed with the Baath regime before the war in 2003, Iraqi officials told International Oil Daily Thursday.
The two companies met with Iraqi ministry officials in Amman last week to adapt the deals to the new model contracts — called Service Exploration and Production Contracts (SEPC) — the ministry is introducing for exploration deals. Financial terms will also have to be renegotiated to take into …