Tag Archives | Inpex

Lukoil signs Contract for Exploration at Block 10

Russia’s Lukoil has signed contracts with the state-owned Iraqi Oil Exploration Company to carry out seismic surveys at the Eridu field in Block 10, and also at Block 10’s southern and central parts, previously not part of the survey. The scope of appraisal works at Eridu field includes a 3D seismic survey of 983 square kilometers to […]

Tags: , , , , , , , , , ,

Iraq to Invest in Joint Oil Projects with Iran

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said an agreement will soon be signed with Iran to jointly invest in two oil fields shared between the two countries. Last month, Iraq’s Ambassador to Tehran, Rajih al-Mussawi, said his country was considering a plan to cooperate with Iran to develop the Azadegan oil […]

Tags: , , , , , , ,

Oil Discovered at Block 10

By John Lee. Russia’s Lukoil and Japan’s Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in Basra governorate. The well recorded a daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within […]

Tags: , , , , , , , ,

New Oil Bidding Round Postponed to Mid-2017

By John Lee. The Ministry of Oil is to postpone a bidding round for 12 small- and medium-sized oil fields, following criticism of the plans by experts including IBN Expert Blogger Ahmed Mousa Jiyad. In a statement, the Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) said: “Following to the previous Ministry of Oil Announcement dated […]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New Oil Development Opportunities in Iraq

By John Lee. Iraq’s Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

France’s Total to Develop Shared Oilfield in Iran

By John Lee. Iran has reportedly signed an agreement with France’s Total to develop the South Azadegan oil field, which is shares with Iraq. Iranian Oil Minister Bijan Zangeneh (pictured) is quoted as saying that both parties have agreed to keep the details of agreement confidential, adding that the French firm is now “studying its […]

Tags: , , , , , ,

Lukoil Completes Seismic Survey at Block 10

LUKOIL has finished its 2D seismic survey at Block 10 in southern Iraq. The seismic survey began in April 2014 and covered 2,000 linear kilometers. It was completed according to the highest standards six months ahead of schedule. The acquired seismic data will be processed and interpreted to identify promising sites for exploration drilling. The […]

Tags: , , , , ,

LUKOIL begins Seismic Survey at Block 10

LUKOIL has started a 2D seismic survey at Block 10 in the south of Iraq. 2000 linear kilometers of seismic surveys will be completed by the BGP Inc. geophysical company within 16 months. The Mandatory Geologic Exploration Program at Block 10 is scheduled to take five years with a potential 2-year extension and includes drilling […]

Tags: , , , , , , ,

Iraq Signs Oil Exploration Deal with Lukoil, Inpex

Iraq has signed a deal with Russia’s LUKoil, and Inpex Corp of Japan, to explore the 5,500-square-kilometer (2,100 square mile) Block 10 in Muthanna and Dhi Qar province. Under the contract, the two firms must invest at least $100 million and will be paid $5.99 for each barrel of oil equivalent it finds. “This contract represents […]

Tags: , , , , , , ,

Iraq Approves LUKoil Development

Reuters reports that the Iraqi government has approved the exploration, development and production contract for Block 10 in the south of the country. Russia’s LUKoil, which already has an interest in the giant West Qurna-2 oilfield, won the deal for the 5,500-square-kilometer Block 10 in Muthanna and Dhi Qar provinces in Iraq’s 4th round energy […]

Tags: , , , ,

Cabinet Approves 3 Energy Deals, Delays 1

By John Lee. Iraq’s cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet approved an initial gas exploration contract with Pakistan Petroleum for gas Block 8, another deal led by Russia’s Lukoil along with Inpex of Japan […]

Tags: , , , , , , , , , , , , , ,