Tag Archives | TPAO

Gazprom Neft Halves Badra Production Target

By John Lee. Russia’s Gazprom Neft has reportedly revised down its output plateau for the Badra oil field. Denis Sugaipov, head of Gazprom Neft’s department of large projects, told Reuters that the consortium running the project has proposed setting the output plateau for the next few years at its current level of around 85,000 bpd, […]

Gazprom, Luaibi discuss Badra Oil Project

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Jabbar al-Luaibi, Minister of Oil of the Republic of Iraq, took place in St. Petersburg today. The parties discussed the Badra project, which is implemented in Iraq by Gazprom Neft. Currently, the Badra field produces as much as 77,000 barrels of oil per day. Gazprom Neft continues to […]

Gazprom Starts Oil Deliveries from Badra

By John Lee. Russia’s Gazprom Neft, the operator of the Badra oil field (pictured) in Iraq, has announced that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra, on the Persian Gulf. Current deliveries from Badra to the pipeline stand at over […]

Gazprom Raises Cost Estimate For Iraq Field

Russia’s Gazprom Neft has increased its estimated costs for the Badra oil field to about US $3 billion, reports Bloomberg, citing a bond prospectus recently issued by its parent company. The company had previously forecast costs at about $2 billion. The field is being developed by Gazprom as lead partner (30% stake), along with Korea’s […]

Turkey makes Oil Find near Iraqi Border

The state-run Turkey Petroleum Co. (TPAO) has discovered oil in the Sirnak province, near the southern border with Iraq and Iran. According to a report from UPI, the company’s regional director, Gokhan Akin, said: “The oil at the well is at the value of the neighboring country’s [Iraq] oil but the test studies for the […]

Turkey Joins Exxon in Kurdistan Oil Deal

By John Lee. Turkish prime minister has said that state-owned Turkiye Petrolleri AO (TPAO) is has reached an agreement with the Kurdistan Regional Government (KRG) and ExxonMobil to carry out oil exploration in northern Iraq. Tayyip Erdoğan (pictured) told reporters: “Countries from various parts of the world are taking steps to explore and produce oil in […]

Kuwait Energy In, Turkey’s TPAO Out

By John Lee. Iraq has approved the deal under which Kuwait Energy would replace Turkey’s state-owned Turkiye Petrolleri AO (TPAO) on the Block-9 exploration contract. Abdul-Mahdy al-Ameedi, director of the ministry’s contracts directorate, told Reuters: “Kuwait Energy has acquired the stake of the Turkish company TPAO, and now it’s holding 70 percent of the contract, […]

KBR Awarded FEED, QCSS Contracts at Mansuriya

By John Lee. KBR has announced that it has been awarded the Mansuriya Full Field Development contract to perform front end engineering and design (FEED) studies and Quality Control Support Services (QCSS) for the Turkish Petroleum Overseas Company (TPOC), a wholly owned subsidiary of Turkish Petroleum Corporation (TPAO), in Diyala Province. The Mansuriya project is […]

Letting Politics Jeopardise Development

By Padraig O’Hannelly. On the day Iraq announced that Exxon Mobil wants to abandon its business in southern Iraq in favour of potentially more profitable contracts in Iraqi Kurdistan, the Oil Ministry has cancelled a major exploration deal with Turkey’s TPAO. The reasons were described as “non-technical”, with the decision coming from the cabinet; the […]

Iraq Expels Turkey’s TPAO, asks Kuwait Energy to Replace

By John Lee. The Iraqi cabinet has expelled Turkey’s state-owned Turkiye Petrolleri AO (TPAO) from the consortium that was granted the rights to explore energy block 9, and has asked Kuwait Energy to take over the shareholding. Abdul Mahdi Al Ameedi, director of the oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD), said: “For reasons […]

Turkey Wins $350m Iraq Drilling Contract

By John Lee. Turkey’s Energy Minister, Taner Yildiz (pictured), has said the country has signed a $350 million deal to drill 40 oil wells in the Basra area, and is in talks on drilling 7,000 wells across Iraq. Details of the timeframe or companies involved were not immediately available. According to a report from Reuters, […]

Alderley FZE Wins Major Contracts in Iraq

Alderley FZE, a subsidiary of Alderley plc, has recently secured contracts for two crude oil metering systems in Iraq. The contracts for both projects were issued by Petrofac, the international oil and gas facilities service provider, for the new Early Production System (EPS) for the Majnoon field in southern Iraq and for the first phase […]