Iraq launches border licensing round

Nine border-area blocks will be on offer as Iraq seeks to increase its oil and gas reserves under a new contracting regime Nine border-area blocks will be on offer as Iraq seeks to increase its oil and gas reserves under a new contracting regime.
By Verity Ratcliffe 12 December 2017 0 28746
oil rig in iraq The Atrush oilfield in Iraq. (TAQA)

Iraq will tender licences for nine blocks in areas adjacent to its borders. And IOC interest may be higher than in the past because of successes in the previous round, an analyst told Interfax Natural Gas Daily

The purpose of the round is for Iraq to increase its reserves of oil and gas while attracting “the best investment for the exploration blocks on the border, which was neglected during the last decades because of the wars and challenges which faced our country in the...

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