By John Lee. Iraq has reportedly approved contracts in a fifth bidding round for gas exploration contracts. According to Reuters, the exploration deals relate to the development of fields in the eastern governate of Diyala that are expected to produce more than 750 million cubic feet of natural gas within 3 years. The contracts have […]
Tag Archives | 5th round energy licences
New Oil Licences: Poor Management, Dubious Contracts, Bad Results
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Fifth Energy Bidding Round: Poor Management, Dubious Contracts and Bad Results - Attracted Unprecedented Opposition Prominent Iraqi oil experts and professionals drafted and endorsed a unified position’ statement (UPS) addressed to […]
Fifth Licensing Round: Some Preliminary Considerations
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s Fifth Licensing Round: Some Preliminary Considerations After the Auction On the morning and afternoon of April 26, 2018, I participated in a petroleum scholar workshop organized in London by the Association of […]
Tags: 5th round energy licences, Alessandro Bacci, Association of International Petroleum Negotiators (AIPN), China, Crescent Petroleum, featured, Geo-Jade Petroleum, oil contracts, United Energy Group, United Kingdom
Ministry Publishes New Templates for Oil Contracts
By John Lee. The Ministry of Oil's Petroleum Contracts and Licensing Directorate (PCLD) has published the templates for the contracts to be used for the 5th oil licensing round, the results of which were announced last week. Exploration, development and production contract (EDPC) Development and production contract (DPD) (Source: Ministry of Oil)
Iraq Awards New Oilfield Licences: FULL LIST
By John Lee. Iraq's Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]
Tags: 5th round energy licences, Al Basra, China, Crescent Petroleum, Diyala, ExxonMobil, Fao block, featured, Geo-Jade Petroleum, Gilabat-Qumar field, Hong Kong, Huwaiza oil field, Jebel Sanam (Jabal Sanam), Khashim Ahmer-Injana, Khudher Al-Mai block, LUKoil, Maysan, Missan, Muthana, Naft Khana field, oil auction, PCLD, Petroleum Contracts and Licensing Directorate, Sindbad field, Sindebad field, Sindibad oil field, Total, United Arab Emirates (UAE), United Energy Group, Zurbatia field, Zurbatiya
Iraq Postpones Oil and Gas Auction
By John Lee. Iraq's Ministry of Oil has reportedly postponed its oil and gas bidding round for 11 new blocks to 25th April. Abdul Mahdi al-Ameedi, director general of the Petroleum Contracts and Licensing Directorate (PCLD), told Reuters: "The bidding process was rescheduled to be on April 25. It is just to give the companies […]
Tags: 5th round energy licences, featured, licence round, oil auction, PCLD, Petroleum Contracts and Licensing Directorate
IOCs scramble to analyze new Contract Model
Iraq is giving international oil companies (IOCs) just two weeks to evaluate a new contract model that will serve as the basis of an upcoming bidding round for 11 oil exploration and development projects. The Oil Ministry has set April 15 as the deadline for companies to submit bids, according to Abdul Mahdy al-Ameedi, director […]
Tags: 5th round energy licences, featured, oil contracts, PCLD, Petroleum Contracts and Licensing Directorate
Oil Ministry Conf on Development of 11 Exploration Zones
By John Lee. Iraq's Ministry of Oil will hold a conference on Thursday 29th March to announce for a new licensing round to develop and rehabilitate 11 exploration zones on the borders of Iran and Kuwait, including one offshore zone on the Gulf. The conference will be attended by 13 international companies which have purchased the […]
New Oil Licensing Round Delayed by Elections
By John Lee. Platts reports that the final details of Iraq's latest oilfield licensing round will not be completed by the planned date of July, due to the upcoming elections. Abdul Mahdy Al-Ameedi, Director General of the Oil Ministry's Petroleum Contracts and Licensing Directorate (PCLD) told the CWC Iraq Petroleum Conference in Berlin: "The timing […]
Tags: 5th round energy licences, featured, licence round, PCLD, Petroleum Contracts and Licensing Directorate
New Petroleum Round faces Many Serious Problems
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The New Petroleum Bid Round Faces Many Serious Problems Since the last Ministerial reshuffle of August 2016, the Ministry of Oil has been persistently trying to offer most possible oilfields and exploration […]
Tags: 5th round energy licences, Ahmed Mousa Jiyad, featured, PCLD, Petroleum Contracts and Licensing Directorate
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. […]
Tags: 5th round energy licences, China, Dana Gas, Dragon Oil, featured, Geo-Jade Petroleum, licence round, PCLD, Petroleum Contracts and Licensing Directorate, Russia, Schlumberger, United Arab Emirates (UAE), United States, Zarubezhneft
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 […]