Mees Op-Ed July 6, 2009
Author: Ruba Husari
IOF Editor
The Results
If you are trying to figure out who won and who lost in Iraq’s first bid round, consider this: 22 companies have participated in the licensing round making offers for six oil fields and one gas field, as leaders or members of consortia. One gas field, Mansuriya had no takers. China’s CNPC was the most aggressive taking part in 5 offerings followed by Malaysia’s Petronas which targeted 4. Oil majors…
The Results
1st Licensing Round Results – Final Zubair Bid Results West Qurna Bid Results Rumaila Bid Results Missan Bid Results Mansuriya Bid Results Kirkuk Bid Results Bai Hassan Bid Results Akkas Bid Results
Trickling Production
Things are happening at Nassiriya oil field in southern Iraq. The field, which accounts for some 4.3 billion barrels of oil reserves, has become the latest oil field to start production in recent days, albeit at a moderate pilot rate of 20,000 b/d. Nassiriya was discovered by Iraq National Oil Co (INOC) in 1975 and remained undeveloped for more than three decades after the drilling of the first exploration well…