Θ Iraq Oil SENSE by yourDragonXi Δ 13th of January 2014 Ω 11:02 AM

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~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ	~ Exhibitions, Summits & Conferences ~ US Government Support for Iraq ~ News	~ Royal Dutch Shell confirms in talks on Iraq oil production ~ Exxon Mobil ~ free to sense for Ξ
~ Royal Dutch Shell ~ BP ~ Total	~ Turkey deals with Kurds ~ free to sense for Ξ ~ free to sense for Ξ	~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ
~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ	~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ	~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ
~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ	~ free to sense for Ξ ~ free to sense for Ξ ~ free to sense for Ξ
«Oil Sensing	Θ	Θ
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[004] ~ Exhibitions, Summits, Conferences

»Iraq Defence, Security & Communications Summit 16 - 17 February 2008, UAE

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[005] ~ US Government Support for Iraq

US Government Support for Iraq

~ export.gov/iraq
~ US Department of Defence
~ US Department of Commerce
~ US Embassy Baghdad
~ Baghdad Business Center

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[006] ~ News

»Iraq Extends Oil Contracts
~ Iraq has extended until Feb 18 the deadline for foreign oil companies to apply for service contracts
~ linked to exploitation of its vast crude reserves according to the oil ministry
~ the deadline was extended from Jan. 31 to Feb. 18 according to ministry spokesman Asim Jihad
~ a ministry committee has invited international companies to apply for service licences
~ related to the extraction of oil, the development of oil fields and the deployment of expertise, equipment and training for projects
~ that will be implemented by Iraqis
~ licences are NOT investment contracts, but service contracts that will last for two years
~ after then, companies will be allowed to bid for lucrative long-term exploitation contracts
~ companies which have signed deals with Iraq's autonomous northern Kurdish region will be excluded from national contracts
~ the Kurdish regional government has signed 15 oil contracts with 20 foreign companies to explore and export oil discovered in the northern region
~ oil Minister Hussein Shahristani said in November that all such deals signed by the regional government
~ with foreign companies stand cancelled as the Iraqi parliament has yet to pass a draft oil law
~ Iraq's oil reserves -- the world's third largest -- lie in the Kurdish north and Shiite south

»Iraq Says Oil Field Tenders to Be Announced Soon
~ Iraq has invited international oil companies to submit registration documentation
~ in order to take part in an open race to develop some of the country's prized oil fields
~ the Oil Ministry has invited all international petroleum companies willing to work in Iraq to register by submitting required documentation
~ ministry spokesman Assem Jihad: only registered and qualified companies will be allowed to bid for oil field development projects.
~ registration of companies in the Republic of Iraq is a necessary step to enable them takes part in any round of production licenses that the ministry is intending to issue
~ Iraq is intending to issue the first round of tenders shortly
~ the oil ministry preparing contracts models for the first group of oil fields
~ the required documentation be submitted to the Petroleum Licenses and Contracts Office,
~ an affiliate of the oil ministry, no more than the end of the working hours Jan. 31

»Iraq sets oil firms deadline to join bid register
»Tensions hinder Iraq oilfield development

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[007] ~ Royal Dutch Shell confirms in talks on Iraq oil production

»Royal Dutch Shell confirms in talks on Iraq oil production
ξ Royal Dutch Shell PLC confirmed it's in contract negotiations to boost Iraq's petroleum output
ξ the western oil giants are close to resuming a major role in the war-torn country for the first time in 36 years
ξ the oil majors as well as a host of smaller companies are in talks with Iraq's oil ministry for unusual no-bid contracts
ξ to service the largest oil fields
ξ beating out offers from 40 other companies in Russia, China and India,
ξ five companies
ξ Exxon Mobil Corp.
ξ Chevron Corp.
ξ Royal Dutch Shell
ξ BP
ξ Total
ξ are emerging as frontrunners as Iraq moves to modernize operations through which to tap its vast oil reserves

The move
ξ could mark a rare foray into an oil rich-nation for the petroleum majors,
ξ dealt a series of setbacks as countries from Bolivia to Russia and Kazakhstan move to secure a larger share of their own oil wealth.

With oil prices teasing $140 a barrel and the majors struggling to replace their reserves, plenty of petrodollars at stake.
Sensitive to the appearance that they are profiting from the war, senior oil executives point out they are helping Iraq restore its infrastructure,
which fell into disrepair under deposed dictator Saddam Hussein.

»Four oil giants to return to Iraq: Exxon Mobil, Shell, Total and BP

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[008] ~ Exxon Mobil

»Exxon Mobil
»ExxonMobil Profile at Iraq Suppliers
»The Iraq Development Program

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[010] ~ Royal Dutch Shell

»Royal Dutch Shell

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[011] ~ BP

»BP
» BP in line for key contract as Iraq aims to boost production
ξ BP is expected to be among five western oil giants awarded key oilfield contracts by the Iraqi government
ξ after years of carrying out studies on the large Rumailah field in the south of the country,
ξ BP is likely to be awarded a technical service agreement
ξ designed to boost Iraqi oil production by attracting sophisticated technology and expertise to areas desperately in need of them
ξ Royal Dutch Shell, Exxon Mobil, Total and Chevron are also understood to be in the running for contracts,
ξ which are small but symbolic and
ξ grant the oil groups a foothold in a potentially lucrative market and
ξ advantage in future bidding for full-scale upstream development.

The contracts crucial for BP
ξ it seeks to improve its financial performance
ξ at a time when a barrel of crude oil has doubled in price to more than $140,
ξ BP shares have fallen from around 600p to 565p
ξ although its rival Royal Dutch Shell has performed slightly better, rising from �19.50 to just above �20,
ξ it has still lagged far behind the increase in the oil price

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[012] ~ Total

»Total

»Total on verge of signing Iraq oil service contract

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[013] ~ Turkey deals with Kurds

Turkey deals with Kurds

Turkey and Iraq's independence-minded Kurds reported to be close to a potentially explosive deal on major investment by Ankara
in the burgeoning energy industry of the semiautonomous Kurdish enclave on Turkey's southern border
Baghdad fears it could lead to Kurdish independence and trigger the breakup of the Iraqi state.

Kurdistan sits on 45 billion barrels of oil and has extensive natural gas reserves.
Iraq's proven oil reserves are 143.1 billion barrels
For major oil companies like Exxon Mobil, Chevron and Total of France the returns are more lucrative
than they are drilling in Iraq's huge fields in the south

The arrival of Big Oil in Kurdistan since October 2011,
when Exxon led the break with Baghdad to develop Kurdish fields,
transformed the Kurds' fledgling energy industry

Oil strikes in Kurdistan have attracted some $10 billion in investment from foreign oil companies
which is a huge total for a territory of 4.9 million people that was once a tribal backwater

It's almost the only place in the Middle East where the private sector can explore virgin territory
/Tony Hayward, former chief executive of BP who now runs British-Turkish explorer Genel Energy/
The company was the first to move into Kurdistan in 2002 and it's now the largest producer

Energy-poor Turkey has ambitions to become the pivotal energy hub between East and West
Turkey has agreed to a partnership with the KRG and outlined plans to build pipelines
from land-locked Kurdistan to Turkey's export terminals on the Mediterranean

Pipeline would free the KRG from reliance on the state-owned bottleneck-plagued Iraqi pipelines
that currently pump oil north from the Kirkuk fields, which the Kurds claim as their territory, through Turkey.
And pipeline would make Kurdistan totally independent of Baghdad's Oil Ministry for the first time.

In 2008, there were three drilling rigs in Kurdistan, 2012 there 24, 2013 there will be 40.
Production 2012 was 180,000 barrels per day, is set to hit 250,000 bpd by 2013 and 1 million bpd by 2015.
By the end of the decade that could reach 3 million bpd.

The proposed deal marks a significant shift in Turkish geopolitics.
It has long battled its own secessionist Kurdish minority and
mounted several military incursions into northern Iraq to crush rebel sanctuaries in Iraqi Kurdistan.

Under Islamic government, with ambitions to become a regional power once more,
Ankara's geopolitical outlook has changed because of economic developments and the seismic political shifts across the Arab world.

Sunni-majority Turkey's new focus on Kurdistan has been at the expense of its relations
with Prime Minister Nouri al-Maliki's Shiite dominated coalition in Baghdad.

Relations have deteriorated sharply over Maliki's growing authoritarianism, with minority Sunnis the main target.
This horrifies Ankara.
Turkey currently harbors Iraq's fugitive Sunni vice president, Tarek al-Hashemi,
convicted of running death squads against Maliki, a charge he denies.
»Genel Energy

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