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The
Outcome of Pre-
qualification of the international
oil
companies
SOMO'S MEASUREMENT POLICY
Announcement
for Pre-qualification
of The
Second Bidding Round
Extension
for Pre-qualification
of The
Second Bidding Round
Pre-qualification
Form
(Statement) :
for the pre-qualified
companies
for the first Licensing
round
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The Ministry of Oil signs
the Contract to rehabilitate MAJNOON oil Field in its final form.
The Iraqi Oil
ministry signed a contract in its final form to rehabilitate Majnoon oil
field which was awarded to Shell and Petronas oil companies according to
the Second Licensing Round and certified it by the council of ministers.
Dr.Hussain Al-Shahristani
the Minister of Oil said in a press conference after signing the
contract that he expects an increase in the annual income to reach 200
billion dollars a year.
From his side,
Vice President of Middle East and North Africa for the Shell company
Mounir Bou Aziz expressed the cooperation between his company and the
south oil company and the price that was agreed on which is 1,39
$/barrel for the investment of Majnoon oil field. At the same time the
general manager of Petronas oil company Ahmed Sayed expected that
the increase in oil production will be to the maximum energy possible
for the next 20 years.
It is noteworthy
that the Majnoon field contains 11 oil reservoirs with depths ranging
between (1000 - 4200) m and its oils are diversified between heavy,
medium and light and expected to produce (700)thousand barrel/day and
this oil field contains 15 oil wells in the explored southern side. And
the coalition of companies Shell and Petronas made a presentation at
(1.39) dollars per barrel and the height of production is (1.800)
million barrels/day, which has received approval from the Ministry of
Oil, among the offer of the coalition's TOTAL and CNPC which rated
(1.75) dollars per barrel and the production peak is (1.45) million
barrels /day.
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