The Iraqi Ministry of Oil has launched new oil and gas licensing rounds for 29 fields and exploration blocks in the central, southern, and western regions of Iraq. The fifth supplementary and the sixth licensing rounds feature projects across 12 provinces. The expected gas production from this round is estimated at about 800 mcf/d (8.3 bcm/year). The Oil Ministry awarded 12 projects so far, including five to Chinese companies, and two to the Iraqi Kurdish firm KAR Group.
Among specific awards, China's CNOOC won a bid to develop for oil exploration Iraq's Block 7, that extends across the country's central and southern provinces of Diwaniya, Babil, Najaf, Wasit and Muthanna. ZhenHua, Anton Oilfield Services and Sinopec won bids to develop the Abu Khaymah oilfield in Muthanna, the Abu Al-Zafria field in Wasit and the Sumer field in Muthanna, respectively. China's Geo-Jade won a bid to develop Iraq's Jabal Sanam field for oil exploration in Basra province.
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.