– 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 …
Category: The Forum
Discussion on oil and politics
Iraq Vs Opec
Thamir al-Ghadban writes: “In view of the country’s need for greater revenue to satisfy its people’s needs and its desire to improve the living conditions after the long years of deprivation; the lost capacity over the past three decades which benefited other producing countries many of which sit on hundreds of billions of dollars in sovereign funds; forecasts of future supply and demand and the expected decline in the output…
A Mis-match of Infrastructure?
Issam al-Chalabi writes: “Iraq is a landlocked country with a narrow opening to the Gulf. That by itself has been the cause of many conflicts with neighbouring Iran and Kuwait, meaning that, in addition to utilizing its Gulf outlet, Iraq must send oil through other neighboring countries to provide additional and alternative export outlets. This again has been a source of political conflicts and confrontations ever since the commercial discovery…
Baghdad VS KRG
Peter Wells writes: “With the successful conclusion of the First Bid Round, the Ministry of Oil will have achieved the timely, open, clean and transparent award of several major oil field development projects to reputable and capable operating companies – ExxonMobil, ENI and BP – on very advantageous terms for Iraq. The three projects awarded to date alone represent capital investment of more than $50bn and incremental production capacity by…