The Mudcat Café TM
Thread #86626   Message #1616705
Posted By: Teribus
29-Nov-05 - 06:11 PM
Thread Name: BS: What's REALLY Going on in Iraq?
Subject: RE: BS: What's REALLY Going on in Iraq?
CarolC - 29 Nov 05 - 03:56 PM

Noted that in renouncing my identification of the Dome in question you pass on answering my question about how or why a small Canadian Company taken over by Amoco Canada in 1988, which in turn is taken over by BP in 1998, a take-over in which Amoco loses it's name but a Company they took over 10 years before doesn't?

Dome International on their web page actually announce that they have the work in Iraq. Now maybe just for once Bobert can help out here.

Now let's see Anadarko, Dome, and Vitol, a consortium of three small, independent, companies are awarded a contract to evaluate the 2-billion-barrel Suba-Luhais in southern Iraq.

This consortium consists of:
- Andarko who specialise in fractured reservoirs and enhanced oil recovery. Souther fields are in poor shape remember.
- Vitol SA Inc who are oil traders
- Dome Petroleum Services/Dome International ??????

Now let's ask Bobert whether or not he and his brother needed to have an Arab partner when he and his brother attempted their little business venture over in that part of the world a few years ago? Now from what I know about setting up shop in the Arabian Gulf area the answer is yes, you do have to have an Arab partner and that partner must hold 51% of the shares. Hence the essential presence of Dome International, or more importantly Dome Petroleum Services who are registered in Iraq.

Halliburton??? if you want to fill space referring to them fill your boots. To date the Iraqi's have not included them in contract awards or on tender lists. I did state my belief that who ever does get awarded those jobs quite large chunks will ultimately go to Halliburton or one of its subsidiary companies purely because that is the business that they are in. Particularly if drilling is involved - Halliburton owns Hughes and Baker Oil Tools - basically you can't drill without them - then there's the mud pumps compressors, all that sort of stuff. They do make a good living out of it, and counter to what Bobert claims they are rather good at it right across the board.