By John Lee. Iraq’s Ministry of Oil has signed a contract with the China National Offshore Oil Corporation (CNOOC) to carry out seismic surveys of two oil exploration blocks. One of the fields is in the territorial waters of Iraq in the Gulf, while the second in the city of Faw (Fao). (Source: Ministry of […]
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Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of pitching the two as a combined mega-project, according to Iraq Oil Report. Most recently, Iraq had been in direct negotiations with PetroChina and the China […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. China and CNPC are Consolidating Further their Positions in Iraq Petroleum Sector Four years after the first bid round took place, some international oil companes (IOCs) are consolidating their positions. while others […]
By John Lee. Iraq has awarded oil drilling deals with a combined value of $348 million. Associated Press reports that Weatherford picked up two drilling contracts, one for nearly $95 million and another for $82.4 million. Another contract worth $96.7 million went to China’s Bohai, while COSL, a division of the China National Offshore Oil […]
The Missan Oil Company (MOC) has announced that it has finished building a 1,700-metre runway in the Halfaya area. It will be used to transport employees of companies like CNOOC and Petrochina to and from the international airport at Basra. Mr. Ali M. Al-Bahadli, the director general of the MOC, said the runway is 30 […]
AIN reports that the China National Offshore Oil Corporation (CNOOC) has started to dig its first oil well in the Fakka oil field in eastern Maysan [Missan] province. A statement from the Missan Oil Company said that the project to develope the Maysan oil fields of Bazergan [Buzurgan], Fakka, and Abo Gharab [Abu Ghirab] has […]
The China National Offshore Oil Corporation (CNOOC) has presented its plan to develop three Maysan oil fields: Bazirgan, Fakka, Abu Gharb. As part of the plan, Weatherford will drill 180 oil wells. And after finishing the review there was a discussion about the plan, and the engineering staff in MOC shared their notes and questions about some […]
Rumours continue to fly regarding the fate of Heritage Oil (LSE: HOIL), the oil explorer with operations in Iraqi Kurdistan (pictured), which is said to be the target of takeover bid. The British Daily Mail newspaper reported last week that Malaysia’s state-owned oil and gas company, Petronas, was interested in the company, but Petronas denied […]
CNOOC’s attempts to enter a number of foreign markets, such as the US, rejected over concerns of control of strategically important energy assets – the firm has long been attempting to enter markets where it is likely to be greeted with less hostility, such as Iraq.
China’s CNOOC Limited has announced that, the Company, via its wholly owned subsidiary – CNOOC International Limited, together with Turkish Petroleum Corporation (TPAO), have signed a technical service contract (TSC) for the development and production of the Missan Oil Fields within Iraq.
CNOOC and Turkish Petroleum Corp. have signed a 20-year contract to develop the Missan oil-field in southern Iraq By Chen Zhu CNOOC Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp. has partnered with the state-run Turkish Petroleum Corp. (TPAO) to win a contract with Iraq to develop the lucrative Missan oil-field in […]
Mr. Fu Chengyu, Chairman and CEO of the Company welcomed the signing of the TSC and commented, “It is a great pleasure to participate in rebuilding Iraqi’s oil industry together with TPAO.