ConocoPhilips today became the first lifter to load Iraqi crude from the newly opened SPM (single point mooring) in the Mideast Gulf. The new loading facility is now officially open, offering up to 500,000 b/d of export capacity on top of the 1.8 million b/d available at Basrah Oil Terminal and Khor al-Amaya Terminal. That’s more than enough to absorb the idle production capacity currently available in southern Iraq. The…
Tag: BP
BR 4: The New Incentives
Companies prequalified to bid for one of 12 blocks in Iraq’s upcoming fourth licensing round have since last week been poring over the adjusted terms introduced by Iraq’s oil ministry to the second version of the draft “exploration, development and production service contract” or EDPSC. The new terms offer incentives to companies based on comments and observations they provided to the petroleum contracting and licensing department. It took longer than…
Nihad Mousa
Nihad Mousa, is the Director General of State Co for Oil Projects (Scop). She is the first Iraqi woman to hold the position of director general in the Iraqi oil ministry’s companies. In this interview with Ruba Husari in Baghdad, she spells out Scop’s role in the unprecedented expansion of the oil infrastructure that will cater for the increase in crude oil output over the next few years. Q: Scop…
2012 Production Challenge
Iraqi oil production has been slowly, but steadily, ramping up in the last three years, from an average of 2.336 million b/d in 2009 to 2.358 million b/d in 2010, to an average of 2.66 for the first eight months of this year, according to oil ministry official figures. With this, exports have also risen by almost 300,000 b/d, from a 2009 average of 1.9 million b/d in 2009 to…