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 […]
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'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 […]
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 […]
