14 October 2008 Iraq’s oil ministry on Monday launched a competition among 35 international oil companies for six of Iraq’s most prized oil fields and two undeveloped gas fields under 20-year service contracts, which Iraqi Oil Minister Hussein al-Shahristani said he expects to be “finalized and presented to the Iraqi cabinet for ratification before the end of June.” Prequalified companies for Iraq’s first bid round, including all the majors as…
Tag: gas fields
Iraq, Oil Majors Conclude Support Talks
13 May 2008 Five oil majors have wrapped up talks with Iraqi oil ministry negotiators on short-term technical support contracts for five oil-producing fields and are now expected to submit their final proposals to the ministry by June, Iraqi oil sources told International Oil Daily Monday. The Iraqi oil ministry is keen to finalize the deals before it launches its first licensing round for long-term development contracts early this summer….
Iraq Turns Spotlight on Natural Gas Projects as Shortages Bite
20 March 2008 The Iraqi oil ministry is tendering a contract to build a pipeline linking the Akkas gas field in northwest Iraq to the Syrian border with the aim of starting exports to Syria within a year of contract award, a senior Iraqi official said Wednesday. Akkas was discovered in the late 1990s, and six wells were drilled there by a Syrian contractor before the US-led invasion in 2003….
Iraq Outlines Details of First Bid Round
11 March 2008 Iraq intends to offer five big producing fields and two small ones in its first bid round, planned for this year, in an attempt to boost output by a significant amount as speedily as possible, a senior government official involved in the process and Iraqi oil ministry sources told International Oil Daily Monday. The fields will be offered on service contracts running for at least 20 years….