Tag Archives | PCLD

Nassiriyah Oilfield and Refinery to be Offered as Single Contract

By John Lee. Iraq's Petroleum Contracts and Licensing Directorate, part of the Ministry of Oil, is preparing for a licensing round to develop the Al-Nasiriya oil field, and to build a refinery in the area. These will be considered as a single complete project, and qualified companies will soon be invited to tender. (Source: Ministry of […]

Iraq to Set Date Soon for Nassiriya Oil Field Bids

By John Lee. Abdul-Mahdy al-Ameedi, the director of the Iraqi oil ministry's contracts directorate, has said that Iraq will soon set a date for international oil companies (IOCs) to bid to develop the giant Nassiriya oilfield. The largely undeveloped field has estimated reserves of just under 5 billion barrels. According to information from Reuters, there […]

Iraq "to Cancel Total's Halfaya Oil Contract"

By John Lee. Reuters reports that Baghdad is working to cancel Total's involvement in the Halfaya oilfield, following the company's announcement that it signed exploration deals in Kurdistan. Abdul-Mahdy al-Ameedi, the director of the oil ministry's contracts directorate, said on Wednesday: "We are working to cancel Total's stake in the Halfaya contract. We will disqualify […]

Iraq's 4th Energy Licensing Round – Success or Failure?

Nearly a week has passed since the finalisation of Iraq's fourth round of oil licences, this time relating to oil and gas exploration blocks. In the meantime, the debate has rumbled on regarding the results of the auction, with some regarding it as a success and others as a failure. Among the professionals, the consensus […]

Iraq to Unveil Model Exploration Contracts 11th Sept

Iraq's oil ministry said on Tuesday that it would unveil model contracts for oil and gas exploration blocks to pre-qualified international companies on 11th September, kicking off a process that will culminate with the award of contracts in January, according to a report from Platts. Iraq launched its first post-war exploration round in April, offering […]

Oil Production Expected to Rise 13% Next Year

Iraq expects to increase daily crude production by about 13 percent next year, an Oil Ministry official said. “We expect an increase of about 300,000 barrels per day,” Abdul Mahdy al-Ameedi, deputy director general at Iraq’s Petroleum Contracts and Licensing Directorate (PCLD), said in a telephone interview with Bloomberg. “This includes about 60,000 barrels per […]