Iraq extends deadline for 14 bidders

Apr 17, 2018
1 min read
Print this page

Iraq oil ministry said it has received interest from 14 international oil and gas companies to bid for exploration and development contracts, which will now be auctioned by April 25.

The ministry postponed the bidding deadline to April 25 from April 15 to give more time to the companies considering bidding for the licensing round of 11 blocks, the ministry said in a statement.

The blocks, located in border areas with Iran and Kuwait, and in offshore Gulf waters, were initially planned to be auctioned in June.

Fourteen companies were sent documents for contracts which will include exploration, development and production from an exploration block, as well as a seperate development and production contracts.

There will also be service contracts to be tendered, Iraq Oil Ministry spokesperson said in a statement.