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Iraq Awards First Post-War Oilfield Contracts
Iraq's oil ministry has awarded the country's first post-war oilfield development contracts to Turkish and Canadian firms, an oil official said on Thursday. Turkey's Everasia won the contract to develop the Khurmala Dome field in the north, said the official who declined to be named. A Canadian firm named IOG will develop the Himrin field, the official added. The contracts involve constructing new flow lines, building gas separation stations and measures to stop water emerging from wells. Drilling will be done by the ministry's digging division. Unlike production sharing contracts Iraq could negotiate with oil majors after elections due in January, the contracts do not involve contractors after construction or as operators. The cost of the three projects combined has been estimated at $500 million. Their small size and scope has failed to attract the interest of major international oil companies. Posted by: Seafarious 2004-12-16 |
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