Iraq readies for oil, gas licensing round in May

Iraq has issued a list with five new international oil and gas companies qualified to enter its upcoming bidding round, known as the Iraqi borderline onshore and offshore exploration blocks and fields project.

The oil ministry’s Petroleum Contracts and Licensing Directorate announced this week companies from eight countries are interested in taking part in the tender. The firms sent their qualification documents to the Directorate between August and November of last year.

UAE’s Dana Gas and Dragon Oil, China’s Geo-Jade Petroleum Corp., the U.S.’s Schlumberger Middle East, and Russia’s Zarubezhneft are all cleared to vie for the Iraqi blocks in May along with a 12-companies list already approved.

Technical details on the licenses to be offered were not provided by the oil ministry, but a data package will be sent to all companies after a non-refundable fee of $100,000, Kallanish Energy learns.

The ministry will convene a roadshow on Feb. 5 to discuss general terms of the contract and commercial models submitted by the companies. Final tender protocol and contract model will be issued on April 16, prior to bidding on May 7.

Qualified companies from previous licensing rounds include BP, CNNOC, CNPC, PetroChina, Eni, ExxonMobil, Gazprom, KOGAS, ONGC Videsh, Lukoil, Shell, Sinopec, Pertamina, Petronas, Total and Crescent Petroleum Co.

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