The Mudcat Café TM
Thread #121958   Message #2786967
Posted By: Q (Frank Staplin)
12-Dec-09 - 12:45 PM
Thread Name: BS: Iraq Oil Bids
Subject: RE: BS: Iraq Oil Bids
Saturdays successful bids-

Lukoil (Russia) and junior partner, Statoil (Norway) offered the low bid of $1.15/bbl for the giant West Qurna field.

Sonangol (Angola) was successful on two fields near Nineveh in the north, and their bid for a field near Mosul, rejected Friday, was accepted Saturday.

Gazprom (Russia) with partners Petronas (Malaysia), Kogas (S. Korea) and TPAO (Turkey) won for a field near Basra, with a bid of $5.50/bbl (a higher bid than others proferred in the auction).

Petronas (Malaysia) and Japex (Japan) were successful in their bid for the Garaf field in southern Iraq.