Bidding for a Prospect or Falling for a Trap? Dilemma for Global Oil and Gas Companies in the Planne - PDF by GlobalData

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									Bidding for a Prospect or Falling
for a Trap? Dilemma for Global Oil
and Gas Companies in the
Planned Licensing Round in Iraq
                                                                              Reference Code: GDGE0586VPT
                                                                              Publication Date: DEC 2008




Energy Viewpoint                                                                    GDGE0586VPT / Published DEC 2008
© GlobalData. This brief is a licensed product and is not to be photocopied                                   Page 1
Table of Contents




1           Table Of Contents

1      Table Of Contents                                                                                2

1.1       List of Figures                                                                               4


2      GlobalData ViewPoint                                                                             5

2.1       Summary                                                                                       5


3 Bidding for a Prospect or Falling for a Trap? Dilemma for Global Oil and Gas
Companies in the Planned Licensing Round in Iraq                             6

3.1 Iraq’s New Bidding Round: Variety of Contracts and Prospects for Foreign Oil and Gas
Companies                                                                                               6

3.2    Falling Crude Oil Prices and Unresolved Socio-Political Threats Questions the Success of
Iraq’s Upcoming Licensing Round                                                               8

3.3       Conclusion                                                                                    9


4      Recent Developments                                                                             10

4.1    License Rounds                                                                                  10
  4.1.1    Oct 13, 2008: Iraq Opens Oil Field Bidding                                                  10
  4.1.2    Sep 29, 2008: Iraq Plans Second Oil Fields Bidding Round By End Of 2008                     10
  4.1.3    Jun 30, 2008: Iraq Opens Bids On Eight Oil And Natural Gas Fields                           11
    4.1.4        Jun 30, 2008: Iraq Unveils Six Oilfield Areas Open For Long-Term Development Contracts
                 14
    4.1.5        Jun 22, 2008: Iraq Qualifies Six More Companies For Oil And Gas Contracts             15
    4.1.6        Jun 16, 2008: Iraq To Initiate First Post-War Oil Bid Round By Next Month             15
    4.1.7        Jun 09, 2008: Iraq To Announce First Round Of Tenders On Exploration Rights           17

4.2    License Awards                                                                                  18
  4.2.1    Nov 10, 2008: CNPC Signs $2.9 Billion Oil Deal With Iraq                                    18
  4.2.2    Oct 15, 2008: OVL Likely To Bid For Eight Oil And Gas Blocks In Iraq                        18
  4.2.3    Sep 29, 2008: KRG, KNOC Sign Exploration, Drilling Agreements For Kurdi
								
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