Results of the First Licensing Round announced in Baghdad June 30, 2009 Objective Of The Process Prequalification Process Timeline Contract Areas Fields Overview Participating Companies Participation Fees Consortia Bidding 1st Licensing Round Fields Reserves (table) 1st Licensing Round Prequalification Process & Results 1st Licensing Round Fields Map
Tag: oil ministry
Iraq Watch – Zero-Sum Game
6 February 2009 Collapsing oil prices and dwindling revenues are forcing Iraq’s oil ministry to review the terms of the first bid round it launched last summer. After all, the state entity might not be able to finance a 51% carried interest in each of the six oil fields as stipulated in the bid round’s tender protocol and draft model contract. As a result, companies meeting ministry officials at a…
Iraq Watch – Legal Limbo
9 November 2008 In response to the controversy over whether the Iraqi oil ministry has the right to award oil field development contracts under its first bid round, former Oil Minister Thamir Ghadhban argued that the ministry relies on a 1987 law that placed the powers to sign contracts into the hands of the oil minister and on the fact that the 2005 Iraqi constitution does not require the legislature’s…
Iraq Watch – Confused Priorities
26 September 2008 A second bid round for Iraq’s upstream sector, currently being prepared by the oil ministry, promises to transform the country’s oil industry. If all goes to plan, a second set of oil and gas fields would be awarded by the end of next year, hard on the heels of the first eight fields announced this summer — and the Iraqi oil industry will be bustling. That’s good…