Thamir Al-Ghadban: Iraq’s Energy Strategy – A Mid & Long Term View Speech to “Iraq Petroleum 2010” conference – London Nov.29, 2010
Tag: 2010
Reserves Politics
Iraq’s newly announced proven oil reserves figure of 143.1 billion barrels is most likely closer to the reality than the old one of 115 billion bbls minus what has been produced since the last revision, which is put at 5 billion bbls. But the question is how did Iraq arrive at this magic number without new exploration or new discoveries and while 3-D seismic surveys for the southern oil fields…
Gas Exploration, A Government Priority?
As Iraq’s third bid round for gas field development drags on, mired by successive delays, with no viable commercial structure in the draft model contract and confusion over the utilization of gas to be produced, Iraq’s next government is better off focusing on increasing Iraq’s gas reserves by launching an exploration drive to find new gas resources and develop them. Iraq has 65 defined exploration blocks on its maps, the…
3rd Licensing Round – Factbox
3rd Bid Round Results (Table) 3rd Bid Round Fields Map Updated 3rd Licensing Round Timeline Prequalified Companies Fields Basic Data- table