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Gazprom group wins contract for Iraq’s oil field

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Gazprom group wins contract for Iraq’s oil field

A consortium of energy companies led by Russian giant Gazprom was awarded a contract to work on the Badra oil field, Oil Minister Hussein Al Shahristani said.

Published: Sat 12 Dec 2009, 2:38 PM

Updated: Thu 2 Apr 2015, 3:47 AM

  • By
  • (AFP)

The group, comprising Gazprom, South Korea’s KoGas, Malaysia’s Petronas and Turkey’s TPAO, had initially requested six dollars per barrel of oil extracted from the field, with estimated production at 170,000 barrels per day.

But Shahristani said the ministry had set 5.50 dollars as its maximum fee, which a consortium representative quickly accepted.

Badra, in eastern Iraq near the Iranian border, has known reserves of 109 million barrels of oil and is one of the smallest fields that was offered in the two-day auction in Baghdad.

- Iraq’s oil ministry has unveiled the list of companies awarded contracts to develop 10 oil fields across the country, in its second round of bidding since the US-led invasion of 2003.

Here is a list of the 44 international companies involved in the auction:

  1. Anadarko Petroleum Corporation United States
  2. BG Group Britain
  3. BHP Billiton Petroleum Pty Ltd. Australia
  4. BP Exploration Operating Co. Britain
  5. Cairn Energy Britain
  6. Chevron Corp. United States
  7. CNOOC Ltd. China
  8. CNPC International Ltd. China
  9. ConocoPhillips United States
  10. Edison SpA Italy
  11. Eni Medio Oriente SpA Italy
  12. ExxonMobil Iraq Ltd. United States
  13. JSC Gazprom Neft Russia
  14. Hess Corp. United States
  15. INPEX Corp. Japan
  16. Japex (Japan Petroleum Exploration Co. Ltd.) Japan
  17. JOGMEC (Japan Oil, Gas and Metals National Corp.) Japan
  18. KazMunaiGas Exploration Production Kazakhstan
  19. Korea Gas Corp (Kogas) South Korea
  20. JSC Lukoil Russia
  21. Maersk Olie og Gas AS Denmark
  22. Marathon International Petroleum Turquesa Ltd. United States
  23. Mitsubishi Oil Co. Ltd. Japan
  24. Mitsui Oil Exploration Co. Ltd. Japan
  25. Nexen Inc. Canada
  26. Nippon Oil Corp. Japan
  27. Occidental Petroleum Corp. United States
  28. Oil India India
  29. ONGC Videsh Ltd. India
  30. Pakistan Petroleum Ltd. Pakistan
  31. PT Pertamina (Persero) Indonesia
  32. PETRONAS Carigali Sdn Bhd Malaysia
  33. Vietnam National Oil and Gas Group (PetroVietnam) Vietnam
  34. Repsol Exploracion SA Spain
  35. Rosneft Russia
  36. Royal Dutch Shell Britain-Netherlands
  37. Sinochem Corp. China
  38. Sonangol (Sociedade Nacional de Combustíveis de Angola) Angola
  39. StatoilHydro ASA Norway
  40. OAO Tatneft Russia
  41. Total SA France
  42. Turkish Petroleum Corp. (TPAO) Turkey
  43. Wintershall Germany
  44. Woodside Petroleum Ltd. Australia



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