Oil Field Services: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Exxon, Shell Win Iraq's West Qurna Contract

Source: Reuters 11/5/2009, Location: Middle East

Share |

Iraq's oil ministry said that a group led by U.S. oil major Exxon Mobil beat three rival consortiums to win the contract to develop the giant West Qurna oilfield, one of several fields left unclaimed after a June auction.

The 20-year contract is one of a raft of agreements that Iraq is close to clinching, which could catapult the nation emerging from decades of strife and economic decline to the position of the world's third largest crude producer.

"The consortium led by Exxon Mobil, which includes Shell, won the contract to develop West Qurna Phase One oilfield," Oil Ministry spokesman Asim Jihad said.

Jihad said the consortium will sign an initial deal at 1400 local time (1100 GMT) and that it still needed cabinet approval.

Exxon and Royal Dutch Shell competed against Russia's LUKOIL, France's Total and a consortium led by China's CNPC for Phase One of the West Qurna field, which has reserves of 8.7 billion barrels.

Oil Field Services News in Iraq >>

Mcdermott Awarded EPCI Contract by Qatar Petroleum
Qatar >>  3/2/2015 - McDermott International, Inc. has been awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the N...
Genie Spuds First Exploratory Well in Northern Israel
  Israel >>  2/17/2015 - Genie Energy Ltd., an oil and gas exploration company and retail energy provider, said that its Afek subsidiary has spudded its first exploratory well...

Middle East Oil Demand in February 2015
Saudi Arabia >>  2/11/2015 - In Saudi Arabia, December 2014 oil demand was robust once more in line with the healthy oil demand performance achieved in 2014. Product demand grew b...
Tecnimont Awarded $490m EPC Contract in UAE
United Arab Emirates >>  2/9/2015 - Maire Tecnimont S.p.A. announces that its main subsidiary Tecnimont S.p.A. in Consortium with Archirodon has received a Letter of Award (LOA) for an E...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

Oil & Gas Projects in Iraq >>

Oil & Gas Companies in Iraq >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed