Bidding for a Prospect or Falling for a Trap? Dilemma for Global Oil and Gas Companies in the Planned Licensing Round in Iraq
Iraq’s oil ministry has invited 35 pre-selected global oil and gas companies in its planned licensing round to exploit its proved oil and gas reserves. Iraq currently produces 2.29 million barrels per day. With the new licensing round, the Iraqi government intends to increase the production to 4.5 million barrel per day within 5 years followed by 6 million barrels per day within the next 10 years. In the licensing round, Iraq will offer 38% of its 115 billion barrel oil reserves and two gas fields. Out of six oil fields offered, five are high oil producing fields - Rumaila, West Qurna-phase 1, Zubair, Missan and Kirkuk.
• GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world.
Reasons to Buy
• Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry.
• Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today
• Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry
• Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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
Pages to are hidden for
"Bidding for a Prospect or Falling for a Trap? Dilemma for Global Oil and Gas Companies in the Planne - PDF"Please download to view full document