Iraq Oil Min: 35 Of 120 Cos Qualified To Bid For Deals

AMMAN, April 14, 2008 (Dow Jones Newswires)

Thirty-five international oil companies are qualified to bid for future oil and gas contracts to develop one of the world's largest oil fields, an Iraqi oil ministry statement said Sunday.

"The total number of the companies and consortia that participated in the pre-qualification process was 120 from various nationalities," the ministry's petroleum contracts and Licensing Office said.

The office listed 35 companies, which it said were "Qualified IOCs". They include, among others, BP PLC, Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell PLC, Lukoil Holdings, China National Petroleum Corp., Edison International SpA and Eni SpA.

The contracts office, however, said it would continue updating the process of qualifying companies "especially those that didn't pass (the qualification process) by updating their information with the view to allowing as many as possible of the IOCs to participate in the next licensing round."

Seven U.S. companies are qualified to bid for Iraq's oil fields development. They are Anadarko Petroleum Corp., Chevron, ConocoPhilips, ExxonMobil, Hess Corp., Marathon International Petroleum Ltd., and Occidental Petroleum Corp.. Three U.K. companies are qualified to bid for Iraqi oil fields: BP Group PLC, BG International, and Premier Oil PLC, the statement said.

From Japan, Inpex Holdings Inc., Japex, Mitsubishi Corp. and Nippon Oil Corp. are qualified, it added.

The other companies are Australia's BHP Billiton Ltd. and Woodside Petroleum Ltd., China's CNOOC Ltd., CNPC Ltd., Sinochem International Co. Ltd., and Sinopec Shanghai Petrochemical co. Ltd., Italy's Edison International SPA and Eni, Russia's Lukoil, JSC Gazprom Neft, France's Total, South Korea's Korea Gas Corp., Spain's Repsol YPF SA, Norway's Statoil Hydro ASA, Netherlands' Shell, Germany's Wintershall Basf Group, Canada's Nexen Inc. (International Oil & Gas Nexen Inc.), Denmark's Maersk, India's ONGC, Malaysia's Petronas Gas BHD and Indonesia's Pertamina.

The ministry announcement said that these companies "can participate in the coming licensing round for planned oil and gas fields which will be announced in due time."

Iraq is planning to issue the first round of tenders to develop some of its prized oil fields during the second quarter of this year, according to the country's oil minister Hussein al-Shahristani.

The ministry has excluded companies which have signed deals with the Kurdish semiautonomous rule from the ministry's list from taking part in Iraq's oil fields development.

Kurdish authorities have signed contracts, mostly production-sharing agreements, with around 20 international companies to develop oil and gas fields in their region. These deals have angered the federal oil ministry in Baghdad, which has declared them illegal and said foreign companies who signed these contracts would be blacklisted.

Among companies which signed deals with the Kurds are Norway-based Det Norske Oljeselskap SAA, U.S.-based Calibre Energy Inc., Canada's Addax Petroleum Corp., South Korea's SK Energy Co. Ltd., Austria's OMV AG, India's Reliance Energy Ltd., and subsidiaries of Canada's Heritage Oil Corp. and France's Perenco SA.

Iraq is currently tendering technical support agreements, or TSAs, that will help increase production in the country's largest oil fields by 500,000 barrels a day. Iraq is currently producing around 2.4 million barrels a day.

The ministry had asked international oil companies to register with the newly set up Contracts and Licensing Office of the Ministry early January and set Feb. 18 as the final day for receiving registration documentation. It said only qualified firms can bid for tenders to develop Iraq's vast oil reserves, the third-largest in the world.

AMMAN, April 14, 2008 (Dow Jones Newswires)

Related Companies
 Company: BP plcmore info

 - BP Says Will Break Even With Oil At $55/Barrel In 2017 (Oct 18)
 - BP Boss Dudley Sees Oil Prices At $55-$70 For Rest Of The Decade (Oct 11)
 - BP Scraps Plan To Drill Off Australia's South Coast (Oct 11)
 Company: China National Petroleum Companymore info
 - Key Allies of Disgraced China Security Chief Jailed for Graft (Oct 12)
 - China State Firms to Start Pumping New Oil in Iran (Jul 31)
 - Former Senior Chinese Energy Executive Stands Trial (Jul 22)
 Company: Exxon Mobil Corporationmore info

 - Exxon CEO Doesn't See Supply Shortage Pushing Up Oil Prices (Oct 19)
 - ExxonMobil To Start Drilling First Liberia Well In November (Oct 19)
 - Norway Gas Plant Workers Agree Wage Deal, Avoid Strike (Oct 7)
 Company: Lukoilmore info
 - Lukoil Considering Eurobond Within Weeks (Oct 18)
 - Russia's Lukoil CEO Says Not Ready To Reduce Oil Output (Sep 30)
 - Iraq's New Oil Minister Sticks By Demand to Review Foreign Contracts (Aug 22)
 Company: Nexen, Inc.more info

 - CNOOC Cutbacks at Long Lake Oil Sands Site Caps Years of Trouble (Jul 14)
 - Sources: Nexen Issues Force Majeure for May Canadian Crude (May 12)
 - Canada's Oil Output Spared Fire Damage Seen Able to Rebound (May 9)
 Company: Shellmore info

 - Shell Suspends Pacific Northwest Crude-By-Rail Project (Oct 7)
 - Norway Gas Plant Workers Agree Wage Deal, Avoid Strike (Oct 7)
 - Oil Industry Teams Up to Fight Cyber-Crime (Sep 29)
 Company: Total S.A.more info
 - Total Says Brazil Libra NW Prospect Holds 3-4 bln Barrels of Oil (Sep 29)
 - Oil Industry Welcomes Indonesia's Tax Reform, But Says It's Not Enough (Sep 23)
 - Oil Firms Seen Spending More Next Year For First Time Since 2014 (Sep 23)
 Company: BG Groupmore info
 - Despite Cuts, Big Oil to Expand Production into the 2020s (Sep 5)
 - Sound Energy Appoints Ex-BG Exploration Lead (Aug 24)
 - Shell Misses Expectations As Earnings Plunge On Oil, BG Costs (Jul 28)
 Company: ConocoPhillipsmore info

 - ConocoPhillips Sues Venezuela's PDVSA, Calls Bond Swap 'Fraudulent' (Oct 7)
 - MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block (Sep 20)
 - Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned (Sep 19)
 Company: Pertaminamore info
 - Russia's Rosneft, Indonesia's Pertamina Agree on Refining, Upstream JVs (Oct 5)
 - Pertamina to Form Refinery Joint Ventures with Rosneft, Aramco (Oct 3)
 - Andalas, Pertamina Team-Up Could See Huge Employment Spin-Off in Indonesia (Sep 16)
 Company: Anadarko Petroleummore info
 - Timing of $2B Anadarko-Freeport Deal Makes GOM Assets a Bargain (Sep 14)
 - Anadarko Goes Deeper in GOM with $2B Deal (Sep 12)
 - Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression (Aug 30)
 Company: Marathon Oil Companymore info

 - RoyalGate to Drill New Well in Equatorial Guinea's Block Z (Sep 25)
 - ShaMaran Subsidiary to Contest TAQA Default Notice (Sep 21)
 - Marathon, OMV Hand Back Croatia Oil Exploration Licences (Jul 29)
 Company: Chevron Corporationmore info
 - Chevron Confirms Is In Discussions For Potential Bangladesh Sale (Oct 13)
 - Kidnapped Romanian Oil Engineer in Niger Delta Released (Oct 13)
 - Jefferies: OPEC Output Cut Unlikely (Oct 11)
 Company: Hess Corporationmore info

 - Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression (Aug 30)
 - Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia (Aug 22)
 - Exxon, Chevron, Hess Said to Be in Joint Bid for Mexican Oil (Aug 19)
 Company: ENImore info

 - ENI: FPSO Soon Ready to Start Work at East Hub Development Project (Oct 14)
 - Mozambique Minister's Sacking Will Not Affect Gas Project Decision (Sep 30)
 - Eni: Laarich East-1 Well Onshore Tunisia Has 2,000 Bpd Capacity (Sep 19)
 Company: PETRONASmore info

 - Technip Awarded Subsea Contract in Malaysia (Oct 14)
 - Petronas Weighs Sale To Exit $27B Canada LNG Project (Sep 30)
 - MISC's MaMPU1 to Commence Ops at Vestigo's Anjung Kecil Field Off Sarawak (Sep 30)
 Company: Repsol more info
 - OPEC Output Cut Unlikely Says Jefferies (Oct 11)
 - Spain's Repsol Provides $1.2B Credit Line For Venezuela Oil JV (Oct 7)
 - Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 4)
 Company: Sinopecmore info
 - As Oil Giants Dally Over Glut, Asia Gets To Work On Output Cuts (Sep 7)
 - Sinopec Expects Profit from Argentina Unit if Oil Recovers (Sep 2)
 - Profit At China's Sinopec Slumps 21.6% In First Half (Aug 29)
 Company: Occidental Petroleummore info

 - US Frackers Surprise Themselves As Tweaks Keep Adding Barrels (Aug 3)
 - ADNOC, OMV, Occidental Sign Exploration Agreement in UAE (Mar 21)
 - Occidental Suffers Biggest Loss in 25 Years on Oil's Slump (Feb 4)
 Company: Edisonmore info
 - Sources: Total-Led Consortium Bids for Greek Offshore Gas Drilling Block (Feb 5)
 - Edison Looks to Sell Part of Egypt's Abu Qir Field (Jan 14)
 - North Energy Sells Barents License Stake to Pure E&P (Oct 12)
 Company: Inpexmore info

 - Indonesia Considers Inpex Request To Boost Masela LNG Output Again (Oct 21)
 - MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block (Sep 20)
 - UKJV Confirms Commercial Settlement of Ichthys SMP Project Up to May 31 (Aug 30)
 Company: CNOOCmore info
 - CNOOC Commences Oil Production at Weizhou 6-9/6-10 Project in Beibu Gulf (Sep 13)
 - Ifax: Gazprom Invites China's CNOOC to Take Part in Offshore Oil Exploratio (Sep 6)
 - China Oil Giants Unmoved By Bull Rally After Worst Earnings (Aug 25)
 Company: Premier Oilmore info

 - Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 4)
 - Premier Oil Reaps $250M Brexit Windfall From Weak Pound (Aug 18)
 - Premier Hits Oil in Bagpuss Well (Aug 5)
 Company: Mitsubishimore info
 - Japanese Banks Expand To Ranks of World's Biggest Energy Lenders (Jun 9)
 - Inpex, MHI Ink Memorandum on Joint Study of Technological Challenges (May 26)
 - Japan Energy Spending Cuts Add Urgency to Securing Future Supply (May 17)
 Company: Wintershallmore info

 - NPD Grants Wintershall Drilling Permit Offshore Norway (Aug 9)
 - Polish Antimonopoly Office Says Nord Stream 2 Threatens Competition (Jul 22)
 - NPD Grants Wintershall Drilling Permit Offshore Norway (Jul 6)
 Company: CNPCmore info
 - CNPC's Natgas Block In Peru Likely Has 3-4 TCF In Reserves (Oct 19)
 - China September Crude Output In Second-Biggest Decline On Record (Oct 19)
 - CNPC Selling $11B In Financial Assets To Listed Unit In Reform Push (Sep 6)
 Company: Sinochemmore info
 - Peregrino Field Offshore Brazil Produces 100 Million Barrels of Oil (Aug 4)
 - Expect China to Yearn for More US Shale (Jul 10)
 - PetroChina Teams Up With Sinochem To Tap Chinese Shale Gas (Dec 4)
 Company: Nippon Oil Explorationmore info
 - Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike (Aug 31)
 - Tap Updates Zola-1 Drilling in Carnarvon Basin (Dec 22)
 - Iraq-Nippon Talks on Nassiriya Oil Field Deadlocked (Mar 1)
 Company: Japan Exploration (Japex)more info
 - Japex To Keep Canada Oil Sands Ops Idle After Fire Due To Low Prices (May 12)
 - JAPEX Engages Aonex for Construction of Japan's Soma LNG Terminal (Jul 9)
 - MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina (Jan 28)
 Company: Korea Gas Co.more info
 - KOGAS Says Its CEO To Tender His Resignation On Monday (Jan 11)
 - KNOC Seeking to Invest in US Shale Gas (Jul 11)
 - Korea Gas to Invest $3B in AU LNG Projects (Jun 18)
 Company: JSC Gazprom Neftmore info
 - Gazprom 2015 Profit Jumps as Kremlin Demands Higher Dividend (Apr 28)
 - Russia's Gazprom Neft to Delay Novoportovskoye Oilfield Launch (Apr 19)
 - Russia's Gazprom Neft, China's CNPC Agree to Cooperate in Oil Sector (Dec 17)
 Company: StatoilHydromore info

 - Samsung Heavy Industries Lands Statoil FSU Construction Contract (Sep 14)
 - First Movers in Eco-Drilling: Going 'Dope'-less (Apr 25)
 - StatoilHydro Delays Hammerfest LNG Start Up (Nov 23)

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Logistics Coordinator & Optimization Analyst
Expertise: Logistics Management
Location: Billings, MT
Associate Category Manager or Category Manager Job
Expertise: Logistics Management|Purchasing|Supply Chain Management
Location: Denver, CO
Contracts Advisor
Expertise: Budget / Cost Control|Contracts Engineer|Supply Chain Management
Location: San Ramon, CA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours