News and Interviews on Iraqi Oil
Iraq managed to award 6 out of 11 exploration block and gas field in its fifth bid round, despite the rushed organisation which kept big players such as Exxon Mobil, Total and Lukoil away despite showing earlier interest. Most of the bidders were first comers to Iraq, vying for a foothold in the country’s prolific oil and gas sector. (Full Results) Coming just two weeks ahead of national elections, it…
Iraq’s fifth bid round launched last year has fallen victim to national electioneering. After missing the first deadline in the timeline announced end of November to conduct a roadshow for the tendered exploration blocks by early February, technocrats at Iraq’s oil ministry received sudden instructions to cut through the usual process and prepare to award exploration and development contracts by April 15. Just like the Iraq National Oil Co (INOC)…
Bid Round Four Results – Table Prequalified Companies-Final Bid Round Four Calendar of Events-Final Bid Round Four Contract Areas-Table: Signature Bonus & Minimum Work Obligation Bid Round Four-The Process Calendar of Bidding May 30-31 BR4 Map Contract Areas
3rd Bid Round Results (Table) 3rd Bid Round Fields Map Updated 3rd Licensing Round Timeline Prequalified Companies Fields Basic Data- table