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 Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Middle East Oil Supply - August 14
Yemen >>  8/19/2014 - The Middle East’s oil supply is expected to decrease by 20 tb/d from 2013 to average 1.33 mb/d in 2014, representing a minor upward revision of 10 tb/...
Middle East Oil Demand in August 2014
Saudi Arabia >>  8/12/2014 - In Saudi Arabia, June 2014 oil demand was characterized by continued healthy growth. All product categories increased during the month with the except...

Middle East Oil Supply in July 2014
Bahrain >>  8/6/2014 - Middle Eastern oil production is expected to decrease by 30 tb/d in 2014 to average 1.32 mb/d. The decline is driven by an anticipated supply drop fro...
Aramco Awards US$54 Mln EPC Contract to Essar Projects
Saudi Arabia >>  8/5/2014 - The Hydrocarbon SBU of Essar Projects, a global EPC (engineering, procurement, construction) contractor, has secured its maiden contract from Saudi Ar...


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 |

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 E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us