Following the announcement by the Iraqi Ministry of Oil that 12 exploration blocs, including the first sea exploration bloc, will be tendered in next year’s auction and alongside the current influx of hundreds of companies to Iraq, the development of its oil and gas industries look set to continue.
The latest edition of CWC’s Iraq Petroleum conference in July, therefore, will focus on the upstream opportunities and the next phase of development of this activity.
Abd Al‐Karim Laibi [Luaibi, Elaibi], Iraq’s Federal Minister of Oil recently commented “Iraq expects more than double the oil production capacity over the next four years.”
Iraq Petroleum 2011 features a post conference workshop, with Clyde & Co organising a negotiator roundtable discussion focusing on Iraq’s oil and gas contracts. This one day interactive workshop will update investors on the upcoming fourth bid round, the right joint ventures and will take delegates through a step by step guide on forming joint ventures and managing the after contract signature challenges.
Conference sponsors to date include upstream principle sponsor Baker Hughes, service principle sponsors Crescent Petroleum, and conference sponsors ExxonMobil, Statoil, Total, OXY, Oil Serv, IAG, Huawei, Oilve Group, Mott MacDonald, Standard Chartered, Technology Partners and SKA.