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Proposed adoption of service contracts instead of participating
3/15/2015 0:00
Experts confirmed the absence of oil our fields of risk
BAGHDAD
Collect experts, academics and intellectuals Iraqis that the oil fields easy exploration fields and devoid of the presence of any kind of risk arguing the need to convert participation contracts to develop to being a giant and close to the earth's surface fields, stressing it service contracts clear and undiscovered and does not need to explore It also includes a gas accompanying Thus, the oil was not found Vseugd gas, which is no less important for the oil not to mention being one of the only fields in the world devoid of risk at all, it came during an extended seminar held by the progress of policy development institute and attended " morning. "
initiated the seminar with a speech by President of the Institute of the House of Representatives and a member of Dr. Mehdi al-Hafez said the need to reconsider oil production in Iraq pattern, especially in relation to partnership agreements as they relate to the future of Iraq, pointing to the need to develop a clear oil policy that guarantees the rights of future generations, accompanied by issuing oil law Gas format ensures preservation of this wealth and reduce the amount of waste, noting that the style of participation enables companies to own a part of the wealth which is contrary to the Constitution of the fact that the latter provides for not allowing foreigners to obtain ownership or partnership in these fields, because it belongs to the Iraqi people.
As accept oil expert Fouad The Prince and the reality of the oil sector of Iraq and what it requires of the potential for the development, noting that the oil and gas law, which is long overdue passed since 2007 and so far refers to the central oil wealth management, pointing out that the style of participation brings us back to the forties and fifties the time of day they get companies to absolute privilege in research and exploration, and thus they are Her final say in the matter, despite the different franchises of the company to another.
He noted that the countries that use the style of participating States are characterized by fields a lot of types of risk and of the possibility of a lack of oil in adequate quantities while devoid of the Iraqi fields of risk at all There are 7 of 10 wells successful and the probability of the risk of less than 30 percent.
Finally, Prince speech by noting that Iraq he never passed through where required and suffer its budget from large deficits because of low oil prices, noting that the planned production was to reach 12 million barrels a day but has to reconsider and make the target (9) million barrels per day under the licensing rounds.
With the expert said Hamza Jeweler need to be built decade on economic grounds, not political past the fact that you lose the contract objectivity, referring to the different standards adopted in determining the size of the field is between Iraq and the world.
Promise Small fields in Iraq's giant fields globally, referring to spread in all regions of the country where there is no area devoid of oil in the whole of Iraq, he said, as well as being one of the fields at least a challenge and the largest ever in the world wondering about the reason for their participation, pointing out the lack of a logical reason for the adoption of Post decades.
He called the jeweler at the conclusion of his speech to the importance of making use of licensing rounds in the present time and considered educational schools Iraqi oil Angels that will lead the oil sector supposed to be training 100 Iraqi employees in each decade of the oil contracts of (17) contract it means that we will be able to train and prepare the 1700 oil expert.
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3/15/2015 0:00
Experts confirmed the absence of oil our fields of risk
BAGHDAD
Collect experts, academics and intellectuals Iraqis that the oil fields easy exploration fields and devoid of the presence of any kind of risk arguing the need to convert participation contracts to develop to being a giant and close to the earth's surface fields, stressing it service contracts clear and undiscovered and does not need to explore It also includes a gas accompanying Thus, the oil was not found Vseugd gas, which is no less important for the oil not to mention being one of the only fields in the world devoid of risk at all, it came during an extended seminar held by the progress of policy development institute and attended " morning. "
initiated the seminar with a speech by President of the Institute of the House of Representatives and a member of Dr. Mehdi al-Hafez said the need to reconsider oil production in Iraq pattern, especially in relation to partnership agreements as they relate to the future of Iraq, pointing to the need to develop a clear oil policy that guarantees the rights of future generations, accompanied by issuing oil law Gas format ensures preservation of this wealth and reduce the amount of waste, noting that the style of participation enables companies to own a part of the wealth which is contrary to the Constitution of the fact that the latter provides for not allowing foreigners to obtain ownership or partnership in these fields, because it belongs to the Iraqi people.
As accept oil expert Fouad The Prince and the reality of the oil sector of Iraq and what it requires of the potential for the development, noting that the oil and gas law, which is long overdue passed since 2007 and so far refers to the central oil wealth management, pointing out that the style of participation brings us back to the forties and fifties the time of day they get companies to absolute privilege in research and exploration, and thus they are Her final say in the matter, despite the different franchises of the company to another.
He noted that the countries that use the style of participating States are characterized by fields a lot of types of risk and of the possibility of a lack of oil in adequate quantities while devoid of the Iraqi fields of risk at all There are 7 of 10 wells successful and the probability of the risk of less than 30 percent.
Finally, Prince speech by noting that Iraq he never passed through where required and suffer its budget from large deficits because of low oil prices, noting that the planned production was to reach 12 million barrels a day but has to reconsider and make the target (9) million barrels per day under the licensing rounds.
With the expert said Hamza Jeweler need to be built decade on economic grounds, not political past the fact that you lose the contract objectivity, referring to the different standards adopted in determining the size of the field is between Iraq and the world.
Promise Small fields in Iraq's giant fields globally, referring to spread in all regions of the country where there is no area devoid of oil in the whole of Iraq, he said, as well as being one of the fields at least a challenge and the largest ever in the world wondering about the reason for their participation, pointing out the lack of a logical reason for the adoption of Post decades.
He called the jeweler at the conclusion of his speech to the importance of making use of licensing rounds in the present time and considered educational schools Iraqi oil Angels that will lead the oil sector supposed to be training 100 Iraqi employees in each decade of the oil contracts of (17) contract it means that we will be able to train and prepare the 1700 oil expert.
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