Posts Tagged ‘service contracts’
Ashti Hawrami
The Kurdistan Regional Government’s minister of natural resources, Ashti Hawrami, spoke to Ruba Husari in Erbil late July on the latest developments in Kurdistan’s upstream and downstream sector, the smuggling controversy, differences with Baghdad over crude exports and the fate of the federal hydrocarbon law.
Q. What’s the status of the different contracts signed so far with the KRG and how is work progressing on the ground?
A. We have 40 companies working in exploration and production, and a large number of service providers to go with that. They all have their individual contracts, and minimum obligations under production sharing contracts that they signed. There are 10-12 oil rigs in operation at the moment. There are 4-5 seismic crews active…
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Iraq’s Oil Service Contracts – An Overview
Thamir Al-Ghadban: Iraq’s Oil Service Contracts: An Overview
Speech to Baghdad Oil Seminar – July 18, 2010
IDC’s Success Story
Iraq Drilling Co (IDC) is back in force and seems on the way to turn itself into a success story by teaming up with the big ones. After the short setback following the failed joint venture with Mesopotamia Petroleum, it has finally found the magic formula to play the leading role in the gigantic drilling effort that will take place across the Iraqi oil fields over the next few years.
In the first drilling tender launched earlier this year for drilling in Rumaila oil field, IDC bid jointly with Schlumberger, the world’s largest oilfield services provider and together they won a contract to drill 21 new wells and carry out workover jobs on 23 wells. IDC will supply three of its…
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Watering the Oil Fields
Iraq is set to witness a few firsts when it comes to how oil fields have been and are being developed around the world. After all, at no time in the history of the industry has so many oil fields of this size been developed all at once in such a short time span. One of the major firsts will no doubt be the Common Seawater Supply Facility (CSSF) which will aim to process up to 15 million barrels per day of raw seawater from the Mideast Gulf in order to provide some 12 million b/d of treated water to be injected in fields in southern Iraq as they are developed. That makes it the biggest such project in the…
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