Producing Field Technical Service Contract
Tag: service contract
The Day After
The long-awaited party is over and now the real work is about to start. This is when the winners start going over the nitty-gritty of the model contract to try and tie loose ends in a bid to pull the extra mile out of a service contract. But at the end of the day, a service contract is a service contract. There is only so much one can adjust and…
Iraq: Contract Labyrinth
19 December 2008 Iraq’s latest draft model contract for its first postwar bid round, recently made available to participating firms, has failed to bridge the gap between the oil ministry and international oil companies, analysis of the latest text reveals. The two sides may struggle to narrow their differences in the short time frame announced by Baghdad, which aims to publish the final technical service contract by April 2009 and…
CNPC Lands Service Contract for Iraq’s Al-Ahdab Oil Field
12 November 2008 State China National Petroleum Corp. (CNPC) is set to start work immediately on its 20-year service contract to develop Al-Ahdab oil field in central Iraq following a formal signing Monday in Baghdad, making it the first company to break ground in Iraq’s oil sector since the 2003 US-led war there. The deal was signed by CNPC head Jiang Jiemin and the director general of State Oil Marketing…