More Results of Oil Bids

Sonangol takes Najmah

Sonangol, the sole bidder, takes Najmah oil field for a $6 per barrel remuneration fee and a production target of 110,000 barrels per day.


Sonangol accepts Ministry’s offer for Qaiyarah

In a surprise change of heart, the Angolan major agrees to the Ministry’s terms after refusing them only yesterday.


Lukoil beats Total, takes West Qurna Oil Field

Lukoil, with junior partner Statoil, takes West Qurna oil field for a $1.15 per barrel remuneration fee and a production plateau of 1.8 million barrel…


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.


Petronas takes Garraf

Petronas, with junior partner Japex, successfully won the bid for Garraf oilfield with an offer of a $1.49 per barrel remuneration fee and a productio…


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.

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Minister of Oil: The fields which were transmitted on Friday will produce more than 1,3 million barrels per day

Oil Minister Hussain al-Shahristani That the total Daily production Of the three fields referred In the first round of licensing is 6,4 million barrels, Rumaila and Zubair and West Qurna.

Shahristani said in comments broadcast by correspondent that the fields Referred yesterday Will produce more Of 1,3 million barrels Day, noting that the total Amounts Will continue from the fields transmitted in the round of licenses First Will be more than 70 billion dollars annually and the explosions that occur in Iraq will not affect the Oil investment Or on the economy Iraq

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