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Starting licensing round of oil and gas fourth at 12 exploration blocks
Date: Monday 04/06/2012 4:09
Baghdad / follow-up range
has launched the Oil Ministry on Wednesday morning round of licensing the fourth oil and gas fields, which includes 12 exploration blocks in Iraq, with the participation of dozens of international companies. and Oil Minister Abdul Karim and coffee in a speech opening the tour in Baghdad, said "the competitive process transparent and open and will where many companies are eligible, "and total of 47 companies worldwide. "The tour is very important to the ministry and the country, to promote and develop the economy, and a continuation of the previous licensing rounds in the achievement of valuable opportunities."
It is in three patches exploratory Show competition at the beginning of the tour, won a coalition led by the "Kuwait Energy" (40 percent) Balriqah exploratory located in the province of Basra to the Iranian border, a patch of oil.
The coalition, which includes company "T-BAE or" Turkish (30 percent), Dragon Oil (30 percent), UAE Bagger was 6.24 per barrel, a price lower than set by the Oil Ministry.
The Director of the Department of Contracts and Licensing at the Ministry Abdul-Mahdi al-Amidi on the sidelines of the opening of tenders for the licensing round that the coalition of companies, Kuwait Energy and (ITP any or) Turkish Darikun Oil UAE won the contract investment area exploratory oil ninth in the province of Basra, after presenting the cost of producing a barrel equivalent of six dollars and 24 cents. "
said Amidi, that "the share of the Kuwaiti company will be 40% and the share of the Turkish company 30% and UAE company 30%. "
Did not make any firm offers about Alriqotain the other two, the first gas is located between the provinces of Nineveh, Anbar, and the second gas is also located between the provinces of Najaf and Anbar.
and the Oil Ministry announced the postponement of the bidding area exploratory gas sixth to Thursday, at the request of the investing companies, confirmed that the area located between the provinces of Najaf and Anbar.
said Oil Minister Abdul Karim and coffee: The ministry decided to postpone the bidding on the board exploratory gas sixth between Najaf and Anbar, at the request of the investment companies, "noting that" 15 companies bought the bags the board of companies the 47 participating in the round. "
and added to coffee to "spot area of 9000 km square," noting that "the ministry stipulated that companies developed to provide $ 20 million gift can not be retrieved."
said Oil Minister, told AFP that "the primary objective of this round to increase reserves and the entry of industries drinks ", adding that" this round quality, different from the previous three rounds, which was to develop the fields, either this round is exploratory. "
and "During the years we have sought to sign contracts to increase production capacities either this tour is to promote the reserve, especially gas, given the growing need him, especially in the sectors of industry and electricity. "
said the coffee that the patch exploratory means granting a piece of land to the investor as a first stage of exploration, while the second phase, they develop the field. "
The minister who ran the process of opening of tenders and carried by the channel "Iraqi" government immediately said, "We such as the Ministry, we will make every effort to support and assist companies in the process of development and construction of our common interests."
include licensing round, the new seven patches exploratory gas and five patches of oil, spread over the provinces of Basra, Najaf and Babil, Muthanna and Diwaniyah and Dhi Qar in the south of the country, and Nineveh in the north, and Diyala in the center, and Anbar in the west.
The Ministry of Oil announced last Tuesday that Japanese companies are the most presence in the licensing round, the fourth, which begins today, with the participation of 47 companies from 24 countries, and while shown that the fields covered in this round are the patches exploratory undeveloped distributed the ten provinces, confirmed that it will sign service contracts with the winning companies similar to what happened in the licensing rounds the previous three.
According to ministry spokesman Assem Jihad, Oil, the "feature of this round is that the fields are patches exploratory undeveloped, so the development processes of companies will be three phases reclamation, development and extraction, which will make it work in more than in the licensing rounds earlier. "
Iraq has been excluded Exxon Mobil U.S. oil giant of the licensing round this against the backdrop of an agreement signed on 18 October with the Government of Iraq's Kurdistan region to invest in oil fields, which was rejected by Baghdad.
The Organization of Petroleum Exporting Countries (OPEC) has identified Iraq's share of three million and 800 thousand barrels per day, but it does not make only 2.5 million barrels per day at present, is determined by the share of export by agreement between the Member States and WHO , depending on certain criteria most important reserve all countries, with Iraq calls for an increase of its share based on what he says is "new oil discoveries," it has.
In March, said the Oil Ministry said Iraq's oil production per day is the highest since 1979, where over three million barrels, while that the rates of oil exports in April were the highest since 1989.
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