The Real Winners

In retrospect, and despite what was considered at the time a ridiculously low fee, producing oil fields awarded to international oil companies in the first bid round turned out to be the most lucrative in terms of the service fee they will be paid. That’s excluding the three fields that will be producing less than 200,000 b/d (see table below). Even with the protracted negotiations over amendments to the final producing…

2nd Licensing Round-Factbox

(Click Headline To Open All Documents) Minister’s Speech Istanbul Aug.25, 2009 Review Of Technical Service Contract-Abdul Mahdi al-Ameedi List of 2nd Licensing Round Prequalified Companies – Final 2nd Licensing Round –  Fields Map 2nd Licensing Round – Timeline 2nd Licensing Round – Operator Qualifications 2nd Licensing Round – Participation Fees 2nd Licensing Round – Consortia Rules 2nd Licensing Round – Bidding Parameters 2nd Licensing Round – Award Restrictions 2nd Licensing…