Wasit Province – About 2,000 Chinese workers are about to descend on Al-Ahdab oil field next month to start work on the construction of the central production facility, engineer Ahmad Abdul Redha, the chief of Al-Ahdab section at North Oil Co (NOC) tells me during a tour of the fortress camp that CNPC’s subsidiary, Al-Waha Petroleum, built just 15 km to the west of Kut. With five rigs on the…
Tag: Al-Ahdab
Early Bonanza
There is a bonanza for international oil companies who managed to make an early entry into Iraq. Operators like BP, Eni, Exxon Mobil – and to a certain extent CNPC which managed to convert its 1997 production sharing agreement for the development of Al-Ahdab field into a service contract last year – will have first call on the limited infrastructure capacity to absorb the new crude they will start pumping…
Iraq Watch – Legal Limbo
9 November 2008 In response to the controversy over whether the Iraqi oil ministry has the right to award oil field development contracts under its first bid round, former Oil Minister Thamir Ghadhban argued that the ministry relies on a 1987 law that placed the powers to sign contracts into the hands of the oil minister and on the fact that the 2005 Iraqi constitution does not require the legislature’s…
Chinese Mishap
China’s CNPC and its partners in Waha Co have started work on Al Ahdab oilfield near the town of Kut with the wrong foot. Lorrying their seismic survey rigs through farmers’ lands, destroying their wheat crop at a time when Iraq is importing wheat and when the agricultural sector is struggling for survival, is hardly a well-thought act. Destitute farmers have only their crops as a source of living. No…