Bidding modest in Iraqi licensing round

April 26, 2018
Regional and Chinese operators dominated modest bidding in an exploration and development licensing round in Iraq.  

Regional and Chinese operators dominated modest bidding in an exploration and development licensing round in Iraq (OGJ Online, Nov. 28, 2017).

Eni SPA was the only international operator submitting a bid in the offering of service contracts for 11 blocks near the Iranian and Kuwaiti borders and offshore. It made one unsuccessful bid, according to press reports.

Five of the blocks attracted no bids.

Crescent Petroleum, Sharjah, won three licenses. Two licenses went to Geo-Jade and one to United Energy Group, both of China.