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 awarded 6 out of 9 blocks and gas fields at its fifth bid round. Here are the results of the bidding round held in Baghdad on April 26, 2018. Bid Round 5 – Results
Map of 11 blocks and fields. List of blocks and fields. List of 14 companies who paid the participation fee and acquired the data package. Development & Production Contract Exploration, Development & Production Contract Bid Round 5 – Results
Block 1 Bidders & Bids: None Ministry’s maximum acceptable Remuneration fee: – Location: The block lies within the northwestern part of Iraq, about 100 km west of Mosul by the Syria-Iraq border and covers an area of around 7,300 km2. Geology: Located in Rutba-Jezira tectonic zone, large structures remain undrilled. Two wells have been drilled in the north and the south of the block. Oil was tested from the Miocene and…