Energy News  
ENERGY NEWS
Iraq delays gas bid round until October

by Staff Writers
Baghdad (AFP) Aug 2, 2010
Iraq has delayed until October a tender to develop three gas fields with estimated reserves that total about 11 trillion cubic feet (317 billion cubic metres), an oil ministry spokesman said Monday.

"A presentation on the gas fields has been taking place in Istanbul on Sunday and Monday to answer the questions of the competing companies, and the tender should now be held at the beginning of October," Assem Jihad told AFP, without giving the new date.

"This is to give the companies more time to study the contracts," he added.

Oil Minister Hussein al-Shahristani on May 6 invited international energy firms to submit bids for the gas fields, the third major tender aimed at developing the war-torn country's oil and gas sectors, which he said at the time would be held on September 1.

He said 45 companies that had taken part in the two previous oil bid rounds would be eligible to compete and that the contracts on offer would again be service agreements, under which Baghdad pays the foreign company fixed fees based on production quotas rather than a share of profits based on sales.

"The reason behind offering these fields is Iraq's increasing need to feed the electricity stations, because Iraq is suffering from a chronic lack of electricity," Shahristani said in May.

Iraq currently produces a negligible quantity of gas compared with the size of its reserves, and flares off most of what comes out with its crude output as it lacks the capture technology needed to use the gas for power generation.

Of the three gas fields on offer, Akkaz is the biggest field. Some 50 kilometres (30 miles) long and 18 kilometres wide, it lies west of Baghdad in Anbar province and contains 5.6 tcf (158 bcm).

The second field, Mansuriyah, is located in Diyala province, 100 kilometres (60 miles) northeast of Baghdad, and has reserves of 4.5 tcf (127 bcm).

Both Akkaz and Mansuriyah -- in provinces where the authorities have been combatting insurgents -- were offered in Iraq's first bid round on June 30, but not awarded.

The third gas field on offer is Siba, located in the southern province of Basra near the borders of Iran and Kuwait. It has reserves of 1.1 tcf (31 bcm).

The planned gas bid round follows the signing of contracts last year with foreign firms to develop 10 oil fields across Iraq, aimed at raising crude output, currently 2.4 million barrels per day, to between 10 to 12 million bpd.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY NEWS
Booming Morocco opts for GE gas turbines
Rabat, Morocco (UPI) Jul 30, 2010
Morocco's strong economic growth and growing demand for electricity have landed GE and French Cegelec a $260 million contract to equip the country's national electricity grid with fuel-flexible gas turbine technology. The turbines will be installed at the Kenitra power plant, about 25 miles north of the capital, and will help the Office National de l'Electricite, the state-run power uti ... read more







ENERGY NEWS
Iraq delays gas bid round until October

Booming Morocco opts for GE gas turbines

US Republicans assail trimmed Democratic energy plan

Bangladesh and India sign electricity deal

ENERGY NEWS
SDE Has Finalized The Construction Of The First Sea Wave Power Plant

Findings Show Promise For Nuclear Fusion Test Reactors

Berkeley Lab's Battery Team Looks Beyond Vehicles To The Electric Grid

Leak delays BP tests ahead of well 'kill' operation

ENERGY NEWS
German wind growth down, exports strong

Study Shows Stability And Utility Of Floating Wind Turbines

Leading French Wind Farm Developer Says Yes To Triton

Floating ocean wind turbines proposed

ENERGY NEWS
Green Light On Nevada Solar Thermal Project

Simulations To Improve Solar Cells

What Is The Best Way To Harness Solar Energy

U.S. researchers claim solar enegy advance

ENERGY NEWS
Areva reports profit surge from sale of asset

EDF announces 2-year delay, cost hike at new reactor

US, India sign nuclear reprocessing pact

EDF to announce 2-year delay at new reactor: union

ENERGY NEWS
Biodiesel Facility Revving Up For Business

New Patent Application For Pyrolysis Oil Based Biofuel

Seeks To Improve Sensors That Monitor Diesel Fuel Quality

SynGest's Bioammonia Project Receives Support

ENERGY NEWS
China Contributes To Space-Based Information Access A Lot

China Sends Research Satellite Into Space

China eyes Argentina for space antenna

Seven More For Shenzhou

ENERGY NEWS
Obama vows to fight on for climate change bill

Obama vows to fight on for climate change bill

Unaccounted Ecosystem Change Feedbacks May Increase Future Climate Warming

Groundbreaking Sandia Study Ties Climate Uncertainties To Economies Of US States


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement