Fast-track may now be difficult but adding 70,000 bpd capacity by February is on track.
The Japanese consortium’s bid chosen for ECP contract that will lead to as much as a 10 fold increase in production.
Four oil fields from Iraq’s first licensing round in June are at various stages nearing a final agreement as companies rush to take Iraq’s terms.
Terms become more clear as Oil Ministry officials meet with hopeful foreign companies ironing out details of the December bidding round.
Asri Mousa says technicalities, not politics, have delayed the joint venture to capture Basra gas.
Iraq drilling chief says MPC out after failing to fulfill financial obligations; IDC aims for 150 wells and 250K bpd in 2010.
Oil Ministry, British Embassy say negotiations continuing and joint venture gas company is reachable goal.
Oil Ministry says rumors of delay in second oil field auction are not true.
At least four major oil companies are pitching development projects for oil fields that went unsigned in the June auction.
BP and CNPC reach a deal with the Oil Ministry but MPs call the deal “illegal” as the Cabinet readies to weigh in.
