Gulf Oil and Gas accountACCOUNT

Iraq to Hold New Energy Licensing Auction 2012-13

Source: The Wall Street Journal 6/18/2012, Location: Middle East

Iraq is planning to hold a fifth licensing auction for exploration blocks by the end of this year or at the beginning of 2013 after its last round failed to attract many companies, a top energy advisor to the Iraqi prime minister said.

Thamir Ghadhban said the Iraqi oil ministry is expected to improve the contracting terms for the new bidding round.

Only three exploration blocks were awarded out of 12 offered last month to international oil firms. Many of the companies particularly the majors didn't take part in that bidding round because of the Iraqi oil ministry's tough terms.

"The ministry will sweeten the terms for the new bidding round as it has learned the lesson from previous the bidding round," Ghadhban told reporters on the sidelines of an Iraqi energy event held by the CWC Group in London.

Exploration News in Iraq >>

Colombia >>  10/16/2019 - ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore ex...
Norway >>  10/16/2019 - While global offshore exploration activity has been flat year-to-date, the situation has been far more buoyant on the Norwegian Continental Shelf (NCS...

Brazil >>  10/15/2019 - The ANP published the list of the last four companies approved to participate in the 6th Production Sharing Round - Pre-Salt. Spanish Company of Petro...
Iran >>  10/14/2019 - The (NIOC) announced the discovery of a new gas field south of Fars Province, southern Iran. ...

Australia >>  10/10/2019 - Equinor has been awarded exploration acreage in the Northern Carnarvon Basin offshore Western Australia. The new exploration permit, WA-542-P, has be...
Norway >>  10/10/2019 - Norway's Petroleum Safety Authority has given Equinor consent to drill exploration well 32/4-3 S in production licence PL 921 in the North Sea.. The w...

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 © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.