July 21, 2010International oil companies: the delay in forming the government will not affect our work
Iraq calls for the transfer as well as signing a contract to a grant Rumaila
بغداد ـ متابعة عادل حمود Follow-up to Baghdad Adel Hammoud
One of the executives of the company Oksonmupail, the work of his company and Royal Duch Shell in the Western Qurna field will not be affected by the formation of the Iraqi government to postpone
The Ministry has asked oil companies to develop winning Rumaila conversion as well as signing a contract to grant.
The vice president of ExxonMobil, in Iraq, James Adams, said his company expects to be granted this year, tenders for the drilling of new wells in the giant field, will be followed during the next four weeks, contracts for the services of the wells, including some repairs to the present from it.
According to Adams, told Reuters on the oil sidelines of the conference held in Baghdad in recent days between corporate managers and officials of the Ministry of Oil that "things are going so far forward very well."
In response to a question on whether the delay in forming the Iraqi government affect the work of his company, Adams responded by saying "no.
It does not affect us, "adding that his company is currently conducting preliminary studies for the water injection schemes, which can increase the rates of extraction in the Western Qurna field, as well as fields of crazy, Zubair, Rumaila and Gharraf and Halfaya.
He added: "We take care of this matter with regard to the coordination and implementation of these initial studies, we do not want that each field or each oil company to design their own."
On the other hand asked the oil ministry of the Coalition companies BP PLC and CNPC Chinese conversion as well as signing a contract to develop Rumaila oil to a grant, worth less, rather than a soft loan. The director of contracts and licenses in the ministry Abdul Mahdi al-Amidi "Reuters": that the ministry has asked from the two companies convert soft loan of 500 million dollars to a grant worth 100 million dollars just like the rest of the contracts.
And that in case the premium soft loan, it will require the approval of parliament, which has yet to form. It is said that the two companies the British and Chinese made the in January 2010 as well as the signing of a 500 million U.S. dollars under a contract won by the development of Rumaila oil giant, which is estimated reserves of about 17 billion barrels.
Iraq agreed in April to cut Alaote signed a contract to develop the first phase of West Qurna oil which was won by Exxon Mobil and Royal Dac Shell 400 million to 100 million dollars, the contract for the Zubair oilfield, oil, which was won by Italy's Eni and its partner Occidental Petroleum Kogas Corp. and South Korea from 300 million dollars to 100 million dollars, too, and transferred to the non-refundable payments instead of soft loans.
Alsabah
