Posts Tagged ‘prequalification’
It’s unique, it’s challenging and it’s complex, but Iraq’s oil ministry seems determined to make the first upstream-downstream integrated project in Nassiriya a reality. What’s more, forget the $ per barrel fee that was the basis of all previous service contracts. On this one, investors will make a return on their investment from a percentage of the revenues Iraq will rake, pretty much like the “profit oil” concept in production-sharing contracts, but in cash not in kind.
Previous efforts to sell the Nassiriya refinery project under an investment scheme – …
Results of the First Licensing Round announced in Baghdad June 30, 2009
Objective Of The Process
1st Licensing Round Fields Reserves (table)
1st Licensing Round Prequalification Process & Results
1st Licensing Round Fields Map
15 April 2008
Iraq’s oil ministry expects to sign two deals with two oil majors by the end of the month under the technical support contracts framework approved recently by the Iraqi cabinet, with two other deals expected to follow shortly afterward, Iraqi oil sources told International Oil Daily Monday.
The ministry has also named 35 international oil companies it said have prequalified to bid in the upcoming licensing round to develop seven oil and gas fields, the first licensing round since the fall of the previous regime in 2003.……