making plans: Hussain Shahristani
Iraq offering up fast lane fields
Iraq is poised to offer a number of oilfields to foreign companies for development on a fast-track basis as a way of increasing its short-term crude production.
Oil Minister Hussain Shahristani said a tender - similar to the one issued for the Nasseriya field in the south - will be out soon.
“We have not decided on the number yet, but there will be more fields announced shortly,” Shahristani said.
“The companies that have studied those fields are in a position to make an offer immediately on an engineering, procurement and construction basis.”
The EPC approach is to help bring fields on stream within a relatively short time.
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