The highly anticipated second licensing round is over, with Iraq awarding seven of 10 fields to foreign oil companies with the best bid.
Here's what went down:
MAJNOON
Winning bid: Shell (60 percent) with Petronas (40 percent)
Remuneration fee: $1.39/barrel
Production Plateau Target: 1.8 million barrels per day (bpd)
Competing bids:
Total (57 percent) with CNPC (43 percent)
Remuneration Fee: $1.75/barrel
Production Plateau Target: 1.405 million bpd
Project details:
Fir…
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
