By John Lee. The President of the Iraqi National Oil Company (INOC), Oil Minister Ihsan Abdul-Jabbar Ismail, has chaired a meeting with the CEO and management of Angola's Sonangol, the main operator of the Qayara [Qayyarah] oil field in Nineveh Governorate. Also joining the meeting was the management of the North Oil Company (NOC) and […]
Tag Archives | Petroleum Contracts and Licensing Directorate
Tags: Angola, featured, Iraq National Oil Company (INOC), mn, North Oil Company (NOC), Petroleum Contracts and Licensing Directorate, Qayara, Qayyarah, Sonangol
New Head of Petroleum Contracts and Licensing Directorate (PCLD)
By John Lee. A former head of Iraq’s state-run Missan Oil Company (MOC) has reportedly been appointed to run the Ministry of Oil’s Petroleum Contracts and Licensing Directorate (PCLD). According to Reuters, Ali Maarij, who ran the MOC until becoming a member of parliament in 2014, will take over from Abul Mahdi al-Ameedi, who reached […]
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
BOC "Preparing to Tender" for Water Injection Project
By John Lee. The Basra Oil Company (BOC) is reportedly preparing to tender for a water injection project in Iraq if talks with ExxonMobil and PetroChina fail. Reuters quotes the head of the Oil Ministry's Petroleum Contracts and Licensing Directorate (PCLD), Abdul Mahdi al-Ameedi, as telling reporters at the CWC Iraq Petroleum Conference in Berlin, […]
Tags: Basra Oil Company (BOC), Exxon Mobil, ExxonMobil, featured, Iraq Petroleum 2018, PCLD, PetroChina, Petroleum Contracts and Licensing Directorate, water injection
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’s Fifth Licensing Round
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil has repeatedly said that it would like to renegotiate the terms of its service contracts with the international oil companies (IOCs) to link the fees the companies receive for […]
Tags: Alessandro Bacci, featured, Iran, licence round, oil contracts, PCLD, Petroleum Contracts and Licensing Directorate, Saudi Arabia
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 […]
Tags: 5th round energy licences, featured, licence round, PCLD, Petroleum Contracts and Licensing Directorate
New Oil Exploration Blocks Announced
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] (pictured) has announced exploration and rehabilitation projects for nine exploration blocks in Iraq. These include the onshore exploration blocks of Khudher Al-Mai, Jebel Sanam (Jabal Sanam) and Umm-Qasr on the Kuwaiti border; the Sindbad, Huwaiza, Shihabi, Zurbatia and Naft Khana blocks on the Iranian border; and […]