Pioneer CNPC

Wasit Province – About 2,000 Chinese workers are about to descend on Al-Ahdab oil field next month to start work on the construction of the central production facility, engineer Ahmad Abdul Redha, the chief of Al-Ahdab section at North Oil Co (NOC) tells me during a tour of the fortress camp that CNPC’s subsidiary, Al-Waha Petroleum, built just 15 km to the west of Kut.

With five rigs on the field, Daqing Drilling, CNPC’s drilling subsidiary, has drilled six new wells and carried workovers on three – out of seven drilled in the 1980’s – since launching work on Al-Ahdab in January 2009. By the end of the year, it’s expected to double the number of rigs in order to achieve…

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1997 . 1st bid round . 2008 . 2nd bid round . Al-Ahdab . Al-Waha . bids . CNPC . Daqing drilling . drilling . export . Kut . licensing rounds . NOC . Nouri al-Maliki . oil ministry . plateau . production . PSA . rigs . service contract . Shahristani . Wasit . Zubaidiya The View from Baghdad

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

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

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