Tag Archives | TPAO

Turkey Wins $350m Iraq Drilling Contract

By John Lee. Turkey's Energy Minister, Taner Yildiz (pictured), has said the country has signed a $350 million deal to drill 40 oil wells in the Basra area, and is in talks on drilling 7,000 wells across Iraq. Details of the timeframe or companies involved were not immediately available. According to a report from Reuters, […]

Alderley FZE Wins Major Contracts in Iraq

Alderley FZE, a subsidiary of Alderley plc, has recently secured contracts for two crude oil metering systems in Iraq. The contracts for both projects were issued by Petrofac, the international oil and gas facilities service provider, for the new Early Production System (EPS) for the Majnoon field in southern Iraq and for the first phase […]

Iraq Signs Contract with Kuwait Energy for Siba Seismic

By John Lee. Iraq’s Oil Ministry has signed a contract with Kuwait Energy to carry out a seismic survey at the Siba gas field in Basra province. Kuwait Energy and Turkey's TPAO won the Siba contract in October 2010, agreeing to produce 100 million standard cubic feet of gas a day at a price of […]

Dragon Oil Updates on Block 9

By John Lee. In its interim results for the period ended 30th June 2012, Dragon Oil today issued the following update on its business in Iraq: A consortium of companies, comprising Dragon Oil (30%), the Turkish Petroleum Corporation (TPAO) (30%) and Kuwait Energy (40% and operator), has been awarded an exploration, development and production service […]

Just 1 Deal on First Day of Iraq's Energy Auction

The first day of Iraq's fourth energy auction resulted in just one successful bid, with four of the today's six exploration fields receiving no bids from the 47 pre-qualified bidders. The six blocks offered today were numbers 2, 9, 6, 12, 1 and 11. A consortium of Kuwait Energy (40%), Turkey's TPAO (Turkiye Petrolleri AO) […]

Gazprom to Start Pumping from Badrah early-2013

Russia’s Gazprom Neft is expecting to start exporting from its East Badrah oil field in Wasit [Wassit] province early next year, according to AKnews. Alexander V Kolomatsky, Project director for the Middle East at Gazprom, said the company had initially planned to reach the 15,000 bpd level by the last quarter of 2013 because the […]

Nabucco Future Hangs in the Balance

The Nabucco gas pipeline project is facing collapse, reports AFP. The scheme to ship more than 30 billion cubic meters of gas per year from the Caspian and beyond to Europe, bolstering Europe's energy security, may founder following Turkey's decision to allow Russia's rival South Stream project to run through its Black Sea waters. Construction […]

Gazprom to Begin Oil Output at Badra in 2013

Russia's Gazprom Neft expects to start commercial production at Iraq's Badra (Badrah) gas field in August 2013, according to Reuters. Initial production is expected to be 15,000 barrels per day. The company said it commenced drilling the first appraisal well on Thursday. "The results of the initial appraisal wells will allow us to better understand the […]

Iraq Signs $365m Iranian Gas Pipeline Agreement

Iraq signed a $365 million agreement to install a pipeline network to import natural gas from Iran for power stations in the country, according to reports from Bloomberg and Iran Independent News Service. The pipelines will eventually supply 25 million cubic meters of Iranian natural gas a day to the Sadr, al-Quds and South Baghdad […]

Schlumberger Wins Gazprom's Badra Drilling Contract

Gazprom Neft has chosen Schlumberger to drill the first wells in the Badra oil deposit development project in Iraq, reports Oil Voice. The contract will last three years, and will involve three drilling rigs, with the drilling of the first appraisal and development wells expected to be completed in early 2012. A total of 11 […]

Siba and Mansuriyah Gas Deals Signed

Reuters reports that Iraq signed the final contracts on Sunday to develop its Siba and Mansuriyah gas fields in deals involving Turkish, Kuwaiti and South Korean companies that will help diversify the country's fossil fuel production. The Korean Gas Corporation [KOGAS] signed the deal for the Akkas gas field earlier in the week. "This is […]