Tag Archives | licence round

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’s Fifth Licensing Round

By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil has repeatedly said that it would like to renegotiate the terms of its service contracts with the international oil companies (IOCs) to link the fees the companies receive for […]

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 […]

KRG to offer 20 Oil Blocks in new Licensing Round

By Padraig O’Hannelly. The Kurdistan Regional Government’s Minister of Natural Resources, Dr Ashti Hawrami, has announced that 20 new and redrawn oil blocks will become available for bidding in 2017. Speaking at this week’s Kurdistan-Iraq Oil & Gas Conference in London, arranged by CWC Group, the Minister said that contract terms “will continue to be […]

Iraq Prepares to Amend Existing Oil Contracts

By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil revenues accruing from oil field development and production in Iraq no longer match the revenues made before the licensing contracts the Ministry of Oil signed in 2009-2010. The Iraqi government will be […]

Iraq Offers 12 New Oil Blocks in 4th Round

Iraq’s Oil Ministry announced on Monday the launch of the fourth round of oil licences for 12 sites in the provinces of Nineveh [Ninawa], Anbar, Diyala, Wasit [Wassit], Basra, Najaf, Muthanna, Qadisiya, and Babil, indicating that the majority of areas include gas and oil. Iraq formally invited international energy firms to compete for these new […]

Iraqi Deadline For New Oil Licences – Documents Attached

Iraq has set a deadline of 19th May for international oil companies (IOCs) to register to compete for the fourth oil bidding round, scheduled to be held later this year. Please click here to download the pre-qualification form. According to Dow Jones, Iraq had pre-qualified around 45 international companies for its three bidding rounds held […]

Iraqi Oil Ministry Prepares 4th Licensing Round

The spokesman of the Iraqi Oil Ministry said on Sunday that the ministry is working to complete the preparations for the fourth oil licensing round. Assem Jihad told AKnews that the fourth round of licences will include the provinces of Najaf, Karbala, Samawa, Diwaniya and Anbar, which were not included in the previous rounds. “The […]

Another Iraqi Oil and Gas Licensing Round Late 2011

Iraq aims to have another round of oil and gas licensing auctions during the fourth quarter of 2011, an Iraqi oil official said from Baghdad. Iraq has had three rounds of oil and gas auctions since the U.S.-led invasion in 2003. Increasing production at some of the fields, however, could mean overcoming some major technological […]

45 Companies Qualified for 3rd Round of Licences

Forty-five companies are qualified to compete for the third round of oil licenses, Iraq’s oil minister said on Wednesday. “The coming round will be bigger than the previous ones due to the improvement of the security and political situation in Iraq,’ Abdulkarim al-Luhaiebi [Luaibi, Elaibi] told Aswat al-Iraq news agency. “There is a new project […]