Iraq's Ahdab oil field development limits contractor profitability

Editor’s note: This article contains material for which attribution is insufficient from Wood Mackenzie’s Ahdab Asset Analysis published by Wood Mackenzie Upstream Service in April 2010. Muhammed Abed Mazeel RWE Dea Hamburg, Germany An economic analysis for the development of Ahdab field in Iraq under a technical service contract shows that the economic return to the contractor is modest in comparison with other types of contracts used in the oil industry. But the field has potential for greater returns if uses for the associated gas can be found and oil does not have to be burned to generate electricity. Ahdab oil field Ahdab oil field is in a 303 sq km block in Iraq's Wasit province,...

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