Tag Archives | 5th round energy licences

New Oil Licensing Round Delayed by Elections

By John Lee. Platts reports that the final details of Iraq’s latest oilfield licensing round will not be completed by the planned date of July, due to the upcoming elections. Abdul Mahdy Al-Ameedi, Director General of the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) told the CWC Iraq Petroleum Conference in Berlin: “The timing […]

New Petroleum Round faces Many Serious Problems

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The New Petroleum Bid Round Faces Many Serious Problems Since the last Ministerial reshuffle of August 2016, the Ministry of Oil has been persistently trying to offer most possible oilfields and exploration […]

New Firms Qualified for next Oil Licensing Round

By John Lee. Iraq’s Petroleum Contracts and Licensing Directorate (PCLD) has announced the five additional companies have been approved to bid for Iraq’s “borderline onshore & offshore exploration blocks & fields.” The companies are listed as: Dana Gas (UAE) Dragon Oil (UAE) Geo-Jade Petroleum (China) Schlumberger (USA) Zarubezhneft (Russia) Eight companies had applied for approval. […]

Iraq Reviews IOC Qualifications for New Oil Projects

By John Lee. Iraq’s Petroleum Contracts & Licensing Directorate (PCLD) has announced that previously-qualified international oil companies (IOCs) which are not currently operating in Iraq, and which did not participate in earlier licensing rounds, will not be eligible to compete in the current licensing round. In an announcement (copied below), the PCLD said such companies […]

New Oil Exploration Blocks Announced

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] (pictured) has announced exploration and rehabilitation projects for nine exploration blocks in Iraq. These include the onshore exploration blocks of Khudher Al-Mai, Jebel Sanam (Jabal Sanam) and Umm-Qasr on the Kuwaiti border; the Sindbad, Huwaiza, Shihabi, Zurbatia and Naft Khana blocks on the Iranian border; and […]

Presentation on Iraq’s Oil Service Contracts & Bidding Rounds

Mr. Abdul Mahdy Al-Ameedi, the Director General of Petroleum Contracts and Licensing Directorate (PCLD), delivered a presentation to the Iraqi parliament on 13th December 2015 on the subject of Iraq’s oil service contracts and bidding rounds. The presentation (in Arabic) provides an excellent comparison between the Ministry’s Service Contracts and Production Sharing Contracts of the […]

Iraq to make Gas Exploration Deals more Attractive

By John Lee. An Iraqi Oil Ministry spokesman has said the Ministry will make future energy exploration contracts more lucrative, to encourage foreign firms to compete in auctions for exploration blocks. “Economic and financial aspects will be reviewed in light of our experiences”, said Assem Jihad. “The final details of the contracts will be worked […]

Call for More Attractive Terms for Iraqi Exploration Licences

Lord Howell of Guildford, UK Minister of State for the Foreign and Commonwealth Office, speaking at CWC‘s Iraq Petroleum 2012 conference in London, said the terms of offer for the next round of energy licences must be considerably better than those for the fourth round which concluded at the end of May. “The results of […]

Iraq to Relax Terms for Gas Exploration Rights

Bloomberg reports that Iraq is to offer more attractive terms in its next auction of exploration rights for natural gas. Oil Minister Abdul Kareem al-Luaibi [Elaibi] (pictured), told the agency in an interview: “Bidding will be next year, but we will start now to prepare the data package, and we will hold a roadshow for […]

Iraq’s 4th Energy Licensing Round – Success or Failure?

Nearly a week has passed since the finalisation of Iraq’s fourth round of oil licences, this time relating to oil and gas exploration blocks. In the meantime, the debate has rumbled on regarding the results of the auction, with some regarding it as a success and others as a failure. Among the professionals, the consensus […]

Iraq’s 5th Round Energy Auction to Follow

Following the allocation of only three of the 12 exploration fields on offer in Iraq’s 4th round energy auction, the Oil Ministry plans to go ahead with a 5th round auction for more sites. “Of course, we will prepare for a fifth round, and we have more than 60 blocks ready for bidding,” Oil Minister […]