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 (Missan governorate);
  • Dujaila (Missan governorate);
  • Mid-Euphrates fields (Mergan, Kifl, West Kifl).

The companies already qualified to bid are:

  • China Zhenhua Oil Company (China)
  • Dragon Oil (UAE)
  • Edison (Italy)
  • Glencore Exploration (Switzerland)
  • Gulfsands Petroleum (UK)
  • Inpex (Japan)
  • Itochu (Japan)
  • Japex (Japan)
  • JOGMEC (Japan)
  • JX Nippon (Japan)
  • Kuwait Energy (Kuwait)
  • Mitsui Oil Exploration (MOECO) (Japan)
  • Mubadala Oil (UAE)
  • OSJC Rosneft (Russia)
  • Pertamina (Indonesia)
  • PetroVietnam (Vietnam)
  • PTTEP (Thailand)
  • SNGN Romgaz (Romania)
  • Crescent Petroleum (UAE)

Tenders from non-qualified companies will also be considered.

More information here, here and here.

(Source: Ministry of Oil)

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