Posts Tagged ‘winners’
Bidders & Bids: None
Ministry’s maximum acceptable Remuneration fee: –
Location: The block lies within the northwestern part of Iraq, about 100 km west of Mosul by the Syria-Iraq border and covers an area of around 7,300 km2.
Geology: Located in Rutba-Jezira tectonic zone, large structures remain undrilled. Two wells have been drilled in the north and the south of the block. Oil was tested from the Miocene and oil shows were obtained from many Mesozoic levels.
Signature Bonus: $15 Million
Minimum Expenditure: $110 Million…