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Iraq to offer 12 southern oil fields for development

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Report summary

On 23 October 2016 Iraq's Petroleum Contracts and Licencing Directorate (PCLD) announced that 12 small/medium oil fields will be offered to pre qualified IOCs for development. In the first offering since the 2012 exploration licencing round the contracts will be agreed via direct negotiation and not a formal bid round. No contract terms have been set with interested companies requested to submit proposed commercial/contractual terms to the PCLD. Pre qualification closes on 30 November 2016.

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  • Twelve fields on offer

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