Gulf Oil and Gas accountACCOUNT

CNPC and Partners Sign Contract on Halfaya Oilfield

Source: www.gulfoilandgas.com 1/28/2010, Location: Middle East

On January 27, PetroChina Company Limited, Total Exploration and Production Company in Iraq ("Total") and Malaysia's Petroliam Nasional Berhad ("Petronas") won the bidding in a tender for the Halfaya Oilfield project. In accordance with the requirements, PetroChina, Total, Petronas and Iraq's South Oil Company formed a joint operatorship, and entered into a contract in respect of the development and production in Iraq's Halfaya Oilfield for a term of 20 years.

Pursuant to the contract, PetroChina will act as one of the operators. The company, Total, Petronas and Iraq's South Oil Company shall own the participating interests in the Halfaya Oilfield, in the percentage of 37.5%, 18.75%, 18.75% and 25% respectively.

The Halfaya Oilfield is located at the Southeast of Iraq. Based on the information provided by the Iraqi government, the field has a recoverable reserve of approximately 4.1 billion barrels and its current production is 3,100 barrels per day. The joint operatorship led by PetroChina will boost the production of Halfaya to 535,000 barrels per day.

Oil Field Services News in Iraq >>

United Arab Emirates >>  2/18/2020 - Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab...
Saudi Arabia >>  2/6/2020 - Saipem has been awarded several EPCI contracts in various countries around the world worth over 500 million USD. The first EPCI contract has been awar...

United Arab Emirates >>  2/3/2020 - KBR has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concessio...
United Arab Emirates >>  1/27/2020 - Eni announces a gas and condensate discovery in the Mahani exploration prospect located onshore in the Area B Concession of Sharjah (UAE), which was a...

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  Skilled Labors  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 | 18 | 19 | 20 | 21 | 22 |

Oil & Gas Projects in Iraq >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.