18 July 2008 Iraq plans to push ahead with development of oil fields in the Nassiriyah area of southern Iraq in the next few years in order to achieve the 100,000 barrels per day of production set as the benchmark for establishing a regional oil company, Oil Minister Hussein al-Shahristani says. The company would be similar to the one recently announced for Missan, also in the south. “We are speeding…
Tag: NOC
Baghdad Rethinks Short-Term Service Deals
11 July 2008 The Iraqi oil ministry has asked Western majors to submit new proposals for technical support contracts (TSC) running for one year, rather than the planned two years — raising questions about the viability of the new deals, industry and Iraqi sources told International Oil Daily this week. Majors were expected to sign two-year TSCs at the end of last month, but Oil Minister Hussein al-Shahristani put the…
Iraq Nears Support Deals With Oil Majors
15 April 2008 Iraq’s oil ministry expects to sign two deals with two oil majors by the end of the month under the technical support contracts framework approved recently by the Iraqi cabinet, with two other deals expected to follow shortly afterward, Iraqi oil sources told International Oil Daily Monday. The ministry has also named 35 international oil companies it said have prequalified to bid in the upcoming licensing round…
Iraq Outlines Details of First Bid Round
11 March 2008 Iraq intends to offer five big producing fields and two small ones in its first bid round, planned for this year, in an attempt to boost output by a significant amount as speedily as possible, a senior government official involved in the process and Iraqi oil ministry sources told International Oil Daily Monday. The fields will be offered on service contracts running for at least 20 years….