Iraq’s oil ministry did well in choosing different companies to represent the state stake in the consortia awarded contracts to develop oil fields. Unlike the old days when the state oil marketing organization (Somo) was considered the de-facto state partner, including in five oil deals signed before the 2003 toppling of the previous regime (two production sharing contracts with CNPC and Lukoil and three exploration contracts with PetroVietnam, ONGC and…
Tag: garraf
2nd Bid Round: The Results – 12 December 2009
– WEST QURNA- Phase 2 OIL FIELD THE BIDDERS: 1. Total (100%) FEE BID : $1.72 PLATEAU:1,430,000 SCORE: 69 2. BP (51%) CNPC (49%) FEE BID: $1.65 PLATEAU: 888,000 SCORE: 66 3. Petronas (60%) Pertamina (20%) Petrovietnam (20%) FEE BID: $1.25 PLATEAU: 1,200,000 SCORE: 87…
Final Tender Protocol – Excerpts
Final Tender Protocol – Excerpts Bidding Schedule Dec. 11-12 Process Timeline: Bidding, Ratification, Signature Bidding Parameters & Bid Score Formula The Final 44 Pre-qualified Entities The 10 Contract Areas: Current Production, Minimum Plateau Production Targets, Plateau Duration, Signature Bonus, Minimum Expenditure Obligation