Subscribe 

Energy

Iraq seeks backup options for West Qurna 2

As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
A ceremony at the West Qurna 2 oil field in Basra to mark the opening of two new well complexes on June 1, 2023. (JASSIM AL-JABIRI/Iraq Oil Report)
Dec 12, 2009

No bids for Middle Furat fields

No bids have been made for the Middle Furat oil fields. The Middle Furat project is three undeveloped oil fields located in Karbala province, home to one of the holiest cities in Shiite Islam. The Kifl field, discovered in 1960, West Kifl in 1987 and Merjan in 1983, total about 600 million barrels of oil. […]

Dec 12, 2009

Gazprom wins in Badra

Gazprom, alongside junior partners TPAO, Kogas and Petronas, take Badra oil field after negotiating a bid with the Ministry of Oil. The companies initially offered a $6 per barrel remuneration fee and a production target of 170,000 barrels per day (bpd). The Ministry, however, refused stating that the most they would be willing to accept […]

Dec 12, 2009

Petronas takes Garraf

Petronas and Japex the lowest of four bids for Garraf, bidding an extra 80,000 barrels per day beyond the ministry's minimum.

Dec 11, 2009

Shell steals Majnoon from Total

The Majnoon field was awarded to a Shell-led consortium after a quick bidding war with Total, the presumed favorite.

Dec 11, 2009

Halfaya field goes to China

China leads the way, taking on three competitors and winning Halfaya in Missan province, which has occasionally seen Mahdi Army but has been relatively calm.

Dec 11, 2009

East Baghdad ends day alone

Its proximity to Sadr City made it a hard sell to foreign firms, none of whom made an offer for it.

Dec 11, 2009

No bidders for Eastern Fields

Will any company risk insurgents and the Arab vs. Kurd dispute to invest in four small but prospective fields? No.