Companies prequalified to bid for one of 12 blocks in Iraq’s upcoming fourth licensing round have since last week been poring over the adjusted terms introduced by Iraq’s oil ministry to the second version of the draft “exploration, development and production service contract” or EDPSC. The new terms offer incentives to companies based on comments and observations they provided to the petroleum contracting and licensing department. It took longer than…
Tag: prequalified companies
3rd Licensing Round – Factbox
3rd Bid Round Results (Table) 3rd Bid Round Fields Map Updated 3rd Licensing Round Timeline Prequalified Companies Fields Basic Data- table
Final Tender Protocol – Excerpts
Final Tender Protocol – Excerpts Bidding Schedule Dec. 11-12 Process Timeline: Bidding, Ratification, Signature Bidding Parameters & Bid Score Formula The Final 44 Pre-qualified Entities The 10 Contract Areas: Current Production, Minimum Plateau Production Targets, Plateau Duration, Signature Bonus, Minimum Expenditure Obligation
2nd Bid Round
International oil companies who attended Iraq’s 2nd bid round roadshow in Istanbul Tuesday were unfazed by the growing tension in Baghdad ahead of the January legislative elections. The 42 companies who attended – out of 45 who have been prequalified to participate in the bid round – will compete for 10 contract areas, four of which include the giant fields of Majnoon, West Qurna-2, East Baghdad and Halfaya. The short…