Occidental and Pertamina are discussing deals with Sonangol in Iraq
An official of the Angolan national oil company Sonangol said on Sunday that the U.S. oil company Occidental Petroleum Corp., the major oil company Pertamina Indonesian government had showed interest in acquiring a stake in the projects of the company Sonangol to develop oil fields in Iraq ...
The good. Da Graca Luis CEO, Sonangol on the sidelines of a meeting in Baghdad between oil companies and the Oil Ministry "Our proposal will be that Sonangol has a 45 per cent ... in the star, Qaiyara."
"It would be the rest of the Occidental or Pertamina or whatever."
Sonangol has a current share of 75 percent in the draft oil fields, compared to 25 percent of the state oil company in Iraq.
The fields are fields in the group of companies awarded Iraq last year and could put Iraq among the major powers in the oil sector in the world compete with Saudi Arabia has a production capacity of 12 million barrels per day during the seven years.
The field is located Qayyarah - about 800 million barrels - and star - 900 million barrels - in Nineveh province in northern Iraq. And still maintain the most dangerous areas in the country despite the sharp decline in violence in general in other places.
Lewis said that the aim of attracting other international partners to the projects is the distribution of risks and investment costs.
The company snapped up the deals offer a fee of six dollars for a barrel and an average production target at 110 000 barrels per day for a field star and draw five dollars a barrel and production target at 120 thousand barrels per day to Gayyara.
The cartoons were among the highest fees paid for any oil companies that won contracts to serve the oil fields a 20-year-old raised by the government in licensing rounds, which reflects the risks and relatively low quality of the oil fields.
Sonangol announced that it would invest two billion dollars in Qayyarah.
It also said it would welcome a small building near the refinery will help in refining heavy oil in the reservoir which is being developed, but Lewis said construction of the refinery is not a requirement.
Lewis said that Sonangol will hold the first meetings with potential partners next month.
He said it was also likely to be an initial development plan for the two fields ready for next month.
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