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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…
Iraq Gears up for Bid Round Road Show
17 July 2008 Iraq is gearing up to conduct a road show for its first bid round since the US-led invasion of 2003, announced at the end of June, and expects to launch a second round before the end of the year, Oil Minister Hussein al-Shahristani told International Oil Daily in an interview in Baghdad Wednesday. He added that technical support contracts (TSC) for five producing fields could still be…
Iraq Awards Studies for Top Reservoirs
18 January 2005 Iraq’s oil ministry has awarded contracts for reservoir studies at its giant Kirkuk and Rumaila oil fields to UK major BP and UK-based Exploration Consultants Ltd. (ECL), a senior Iraqi official said Friday. Royal Dutch/Shell will also play a supporting role to the oil ministry on the Kirkuk study under a technical service agreement, the official added — which will include the Anglo-Dutch major financing that field’s…