Iraq’s oil ministry invites companies to bid on seismic surveys …- About: Oil and Gas News

Companies interested in providing 3D seismic surveys for the Kirkuk field in the north and Rumaila oil field in the south must meet the ministry's deadline of April 30, said the ministry's Oil Exploration Company in two tenders issued on the ministry Web Site. The Kirkuk field is located around the city of Kirkuk, 290 kilometers (180 miles) north of Baghdad, while Rumaila is near Iraq's second-largest city of Basra, 550 kilometers (340 miles) southeast of the capital. Early of this month, Iraq's Cabinet gave the nod to the Oil Ministry to sign agreements with international oil companies to help increase crude output. According to the Oil Ministry official, BP will submit a proposal for the Rumaila oil field, Chevron for West Qurna stage 1, Exxon for Zubair, and Shell for Missan and Kirkuk. Iraq also is also planning to issue its first round of tenders to develop other vast oil fields during the second quarter of this year for which 115 oil companies filed their registration documentation for qualification. A measure aimed at regulating foreign investment in Iraq's underdeveloped oil sector, and distributing its revenues among the nation's Sunni and Shiite Arab communities and the large Kurdish minority, has been bogged down in parliament since February 2007. read more

[Tags]oil, companies, field, fields, iraq, iraq039s, oil and gas news[/Tags]

Share This