Author Archive | GavinJones

Iraq has signed an initial deal with China's CNOOC and Sinochem to develop the 2.5-billion-barrel Maysan oilfield complex

Iraq Minister of Oil Hussain Shahristani told a Japanese newspaper on Tuesday that the Japanese consortium failed to ink a deal in order to exploit Al Nassiriah oil field which was taken by an Iraqi Public company. It is to be noted that Nippon Oil Company leads the Japanese consortium in which also participate Inpex […]

Their consortium plans to drill 56 wells and upgrade equipment to boost output by 10 percent by the end of 2010, Dhia Jaafar, the director-general of the state-run South Oil Co., told The Associated Press.

"Iraq continues to grapple with some very serious problems. I will be surprised if they are able to achieve a supply level of 10 to 12 million barrels a day in a foreseeable future," Herman T Franssen, President of International Energy Associates, a Washington-based company.

China National Petroleum Company (CNPC) will start work on the Iraqi Halfaya project in the second half of this year, Jiang Jiemin, the chairman of CNPC's subsidiary PetroChina (0857.HK), said on Friday.

A consortium led by Cnooc Ltd is the frontrunner to win the right to develop Iraq's 2.5 billion-barrel Missan oil-field complex after agreeing to Iraqi government proposals, officials said Thursday.

For a long time, the northern Kurdistan region was seen as the most attractive oil market in the country but the latest bid rounds in December and subsequent contract signings in the south have made it suddenly "less clear that Baghdad actually needs an oil law with Kurdistan, because they're actually doing pretty well on […]