BOC “Preparing to Tender” for Water Injection Project

By John Lee.

The Basra Oil Company (BOC) is reportedly preparing to tender for a water injection project in Iraq if talks with ExxonMobil and PetroChina fail.

Reuters quotes the head of the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD), Abdul Mahdi al-Ameedi, as telling reporters at the CWC Iraq Petroleum Conference in Berlin, “we cannot wait for a longer time unless Exxon Mobil accepts the deal for the benefit of the two parties.

He added that the delay in negotiations was partly related to initial production rates from the Nahr Bin Umar and Artawi oilfields.

(Source: Reuters )

One Response to BOC “Preparing to Tender” for Water Injection Project

  1. Ibn Al IRaq March 6, 2018 at 7:50 am #

    Sir,

    This vital project has been swinging on since 2010!! thanks to “the Expert” DR Shehrestani, Ex.Minister Kareem Luaibi. and others at the ministry of Oil. The cost of ‘Pre–FEED, FEED, PMC starting from ExxonMobil, CH2Mhill and on the Iraqi side – SCOP and then South Oil Co !! direct cost until now approx..$250M++

    Due to the delays the estimated loss of revenue to Iraq until this year are $Billions. Who is accountable ?? when will this project see the light ????

    GOD help Iraq!