A consortium led by China's CNPC was awarded the contract for Iraq's Halfaya oil field at an auction on Friday, Oil Minister Hussein al-Shahristani said.
The group also includes Malaysia's Petronas and France's Total. It requested fees of 1.40 dollars per barrel of oil extracted from the field, and projected that it would produce 535,000 barrels per day.
Halfaya, in southern Iraq near the border with Iran, has proven reserves of 4.1 billion barrels of oil. It lies just north of the giant Majnoon field. Dutch oil company, Shell is also bidding for drilling and exploitation rights in the region.
The successful bid beat three other offers. A joint bid between Norway's Statoil and Russia's Lukoil requested 1.53 dollars per barrel and projected production of 600,000 bpd. India's ONGC and India Oil submitted their own bid with Turkey's TPAO, requesting 1.76 dollars per barrel with production of 550,000 bpd.
Separately, a consortium made up of Italy's ENI, South Korea's KoGas, the US's Occidental Petroleum, China's CNOOC and Angola's Sonangol asked for 12.50 dollars per barrel, with projection of 400,000.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment