2nd Bid Round: The Results – 11 December 2009

– MAJNOON OIL FIELD: THE BIDDERS: 1. Royal Dutch Shell (60%) – Petronas (40%) FEE BID: $1.39    PLATEAU: 1,800,000 b/d     SCORE:100 2. Total (57%) – CNPC (43%) FEE BID $1.75    PLATEAU: 1,405,000 b/d       SCORE: 79 Ministry Max Remuneration Fee: not revealed Majnoon contract awarded to SHELL – HALFAYA OIL FIELD: THE BIDDERS: 1. ONGC (50%) – TPAO (30%) Oil India (20%) FEE BID: $1.76  …

2nd Bid Round: D-day

Realism should be of order on Dec. 11 as international oil companies converge on Iraq’s oil ministry headquarters to make their last bid to enter Iraq while the door is still open. The 10 contracts on offer over the two days of Iraq’s second bid round will include the last Iraqi oil fields to be tendered to foreign firms for a long time to come. While still awash with undeveloped…