Petrol si Gaz
Thanks for inquiring about future business opportunities in Iraqi-Kurdistan with our company.
Are you interested in the supply of Crude Oil from SOMO. If you know any refineries that are interested in buying Crude Oil, we can work directly with SOMO to secure you an attractive discount, depending on the destination.
if you know the refinery folks and they are interested in Iraqi Crude oil then definitely we can provide you the requested quantity.The documents needed are as follows :
1. A letter on refinery letterhead stating the monthly quantity of crude oil needed.
2. Company profile of the company.
3.A letter stating the fact that ” the name at that time you aks for ” is working as a representative of the company in Iraq.
4. Sate lite image of the refinery.
All the documents need to be endorsed by the Iraqi Embassy of the corresponding country and hard copies need to be sent.
regards the “somo” iraq the buyer should have the following conditions:
1.the company nn had collaborated with the previos regime ” saddam hussein” ‘s regime, it means do not in the irachean black list.” its very important element”
2.the company have their own reffinery.
3.the reffinery must refine minim.250 000 barre per day.
discount : $40 for every tonne.” certainly there are a bureaucratic procedure would be following by the (somo) maybe3- 6 months.
regards ” kurdistan crud oil” by truck from Erbil until iran “bandar imam”
price: $700 for every tonne ” now”
February 11, 2012, 5:37 AM EST
(Updates with CEO comment from second paragraph.)
Feb. 10 (Bloomberg) — Total SA, Europe’s third-largest oil company, is looking “very closely” at investment opportunities in Kurdistan where contract terms are superior to those on offer in Iraq, Chief Executive Officer Christophe de Margerie said.
“It’s a place where there are important oil and gas reserves and contracts are better” than Iraq, de Margerie said today at a press conference in Paris. Total is looking to see whether there are “interesting” exploration blocks in Kurdistan, he said.
The authorities in the semi-autonomous Kurdish region of northern Iraq, home to about 40 percent of the country’s 115 billion barrels of reserves, angered Baghdad by signing a contract with Exxon Mobil Corp. The central government has so far refused to recognize production-sharing agreements between foreign companies and the Kurds.
“Kurdistan is in Iraq and it’s up to Iraqis to decide among themselves” whether agreements should be separate, de Margerie said.
Iraq plans to auction 12 exploration areas as part of its fourth bidding round. The concessions, seven for oil and five for gas, cover 90,700 square kilometers, according to an Oil Ministry statement in April. Total has signed contracts in previous bidding rounds.
The latest auction “doesn’t appear very attractive,” de Margerie said. “The reward for investment doesn’t appear for the moment to be enough.”
Companies operating in the Kurdish region are banned from participating in the planned auction.
–Editors: Stephen Cunningham, Alex Devine.
To contact the reporter on this story: Tara Patel in Paris at email@example.com
To contact the editor responsible for this story: Will Kennedy at firstname.lastname@example.org
Bloomberg reports that BP will start drilling exploratory wells at the Risha natural gas deposit in Jordan, near the border with Iraq, in the coming weeks.
Jordanian Energy Ministry spokesman Fayez Abu Gaoud told the agency, “if it is proven that the volume of gas in the field is feasible for commercial purposes, the development of the gas field will begin immediately”.
Initial BP studies show that production at Risha could exceed 330 million cubic feet a day.
BP agreed in October 2009 to join Jordan’s state-owned National Petroleum Co. to explore and develop Risha, which occupies an area of about 7,000 square kilometers (2,700 square miles). The kingdom has agreed with Iraq to jointly develop the Risha field, Iraqi State Minister Ali al-Dabbagh said last March.
Jordan, which fills almost all of its energy needs through imports, hopes to attract $14 billion of investments for renewable energy, oil shale and nuclear power.
OAO Gazprom Neft started drilling a second appraisal well at the Badra oilfield, according to a report from Bloomberg.
The Russian producer, which started drilling the first such well at Badra in November, expects to complete the second well in spring, and plans to approve the field development plant in February 2013.
Iraq’s cabinet announced that it had approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna 2 oilfield, according to Reuters.
While the memo did not name the company, Samsung Engineering was the only South Korean company on the final shortlist.
Iraq and its partners, Russia’s Lukoil and Norway’s Statoil, had shortlisted five companies to compete for the West Qurna Phase Two oilfield development contract.
The other companies were Saipem, SNC Lavalin Group Inc, Punj Lloyd Ltd, Globalstroy Engineering and South Korea’s Samsung Engineering, an oil official said.
The tenders announced were for the construction of an oil export pipeline, a tank farm at Tuba, a power distribution station and an associated gas processing plant, and also an oil gathering system, central processing facilities and a water supply system.
They are expected to help production at the field hit 150,000 barrels of oil per day (bpd) in January 2013, an Iraqi oil official said.
(Sources: Reuters, AKnews)
Iraq’s Oil Ministry announced on Wednesday that it has discovered a new oil field in the Missan [Maysan] province, and described it as the biggest achivement in 30 years.
According to the report from AKnews, the Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] told a press conference:
“Iraqi Oil Company and the Southern Oil Company have been able to make a big achievement… by finding oil in al-Dima field in Missan province [south east of Baghdad bordering Iran] though the ministry did not expect the discovery of oil in the field.”
Iraqi oil experts struck oil at at depth of 2,300 meter.
The minister added:
“They are now working on estimating the size of the oil reserve in the field before pumping is started.”
SHAMARAN PETROLEUM FINALISES AGREEMENT WITH KRG TO RELINQUISH PULKHANA AND ARBAT BLOCKS IN KURDISTAN
ShaMaran has signed a final binding agreement with the Kurdistan Regional Government (“KRG”) to relinquish to the KRG the 60% working interests currently held in each of the Arbat and Pulkhana Production Sharing Contracts (“PSC”). Under the terms of the agreement the PSC for each of the Pulkhana and Arbat blocks is terminated whereby ShaMaran’s interests in both PSC’s are relinquished. The Company has agreed to a payment to the KRG of consideration valued at $US25 million after which the Company will be relieved of all further obligations under the PSC’s. This asset realignment will relieve the Company from the remaining work program obligations of Pulkhana and Arbat block, and allow ShaMaran to focus its activities and resources on the Atrush and Taza Blocks which the Company considers to be their most prospective blocks. The Company, as part of General Exploration Partners Inc (“GEP”) and its partner Marathon Petroleum KDV B.V., are currently carrying out an appraisal program in the Atrush block in which a major discovery was announced in April 2011. This program consists of a 3D seismic survey which is underway and expected to be completed in the first quarter. The partnership is also planning to drill an appraisal well in the second quarter of 2012 followed by the installation of an early production system. ShaMaran, through its wholly owned subsidiary ShaMaran Ventures BV, has a 33.5% stake in GEP which is a party to the Atrush Block Production Sharing Contract and currently holds an 80% interest. Marathon Petroleum KDV B.V., a wholly owned subsidiary of Marathon Oil Corporation (NYSE: MRO), holds a 20% interest in the block. The Company in coordination with Oil Search Iraq Limited (“OSIL”) is also planning to drill its first well in the Taza Block (formerly Block K42) in the second quarter of 2012. ShaMaran holds a 20% working interest in the PSC. OSIL is the operator with a 60% working interest in the PSC. The Kurdistan Regional Government of Iraq (“KRG”) holds a 20% working interest in the PSC with costs carried by ShaMaran and OSIL. ShaMaran President and CEO Pradeep Kabra commented, “This agreement allows ShaMaran to move forward in Kurdistan on its highly prospective remaining projects by removing the high financial obligations of the Pulkhana and Arbat blocks which were not as prospective as anticipated. We still consider Kurdistan to be one of the most attractive regions in the world to explore and develop oil projects and will continue to look for growth opportunities in the country.” About ShaMaran ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration vehicle with two ongoing projects in the region: the Atrush oil discovery, and the Taza exploration blocks. These projects are nearby and on trend to existing fields and recent discoveries. Kurdistan lies within the northern extension of the Zagros Folded Belt. The area is highly underexplored and is currently undergoing a significant exploration and development campaign by over 30 mid to large size international oil companies. ShaMaran Petroleum is a Canadian oil and gas company listed on the TSX Venture Exchange under the symbol “SNM” as well as NASDAQ OMX First North under the symbol “SNM”. On behalf of the Board, Pradeep Kabra, President and CEO Certain statements made and information contained in this press release constitute “forward-looking information” (within the meaning of applicable Canadian securities legislation), including statements about expected or anticipated future events and financial results that are forward-looking in nature. Forward-looking statements include, but are not limited to, statements with respect to estimates of reserves and or resources, future production levels, future capital expenditures and their allocation to exploration and development activities, future drilling and other exploration and development activities, ultimate recovery of reserves or resources and dates by which certain areas will be explored, developed or reach expected operating capacity. Forward-looking statements are subject to certain risks and uncertainties, such as legal and political risk, civil unrest, general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and management’s capacity to execute and implement its future plans. Actual results may differ materially from those projected by management. Further, any forward-looking statements are made only as of a certain date and the Company undertakes no obligation to update any forward-looking information or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as may be required by applicable securities laws. New factors emerge from time to time, and it is not possible for management of the Company to predict all of these factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ShaMaran Petroleum’s Certified Advisor on NASDAQ OMX First North is Pareto Öhman AB.
Sophia Shane January 18, 2012