Cursor International executes projects and collaboration activities across several industries.
By John Lee.
According to a report from Reuters, employees from Exxon Mobil will start returning to work at the West Qurna 1 oilfield on Sunday.
Sources told the news agency that the company had received assurances from the Iraqi Ministry of Oil and the Basra Oil Company (BOC) that its staff would receive extra security.
Earlier in the month, the company evacuated about 30 foreign engineers from Basra as a “temporary precautionary measure”.
(Source: Reuters)
By John Lee.
At its regular meeting in Baghdad on Tuesday, the Iraqi Cabinet received a briefing on negotiations led by Iraq’s Ministry of Oil with ExxonMobil and PetroChina on the Southern Iraq Integrated Project.
In a statement, the government describes the project as “a mega energy and infrastructure scheme consisting of building oil pipelines, storage facilities and a seawater supply project to inject water from the Gulf into reservoirs to increase oil production and Iraq’s export capacity.”
According to Reuters, Iraq is close to signing the $53-billion, 30-year agreement, from which it expects to make $400 billion over the life of the project.
It quotes the Prime Minister as saying that it will involve increasing production at the Nahr Bin Umar and Artawi oilfields from around 125,000 barrels per day (bpd) now to 500,000 bpd.
(Sources: Iraqi Cabinet, Reuters)
By John Lee.
Wood Group has said that it is seeing strong growth in the Middle East due to “increased activity in Iraq with Exxon and Basra Gas [Company (BGC)]“.
In its full year results for the year ended 31 December 2018, the UK-based energy services company said it sees “opportunities in Middle East driven by Iraq“.
In addition to trading as Wood Group, the company is also sole owner of Iraqi subsidiaries Ghabet El Iraq for General Contracting and Engineering Services, Engineering Consultancy (LLC) and Touchstone General Contracting, Engineering Consultancy and Project Management LLC.
(Source: Wood Group)
By John Lee.
ExxonMobil Iraq Limited has awarded Schlumberger a 42-month IDS contract for 30 wells in the West Qurna Field.
The contract includes the provision of drilling rigs and multiple technologies and services, and the first well was spud in July.
The announcement was made in the company’s Third-Quarter 2018 Results on Friday.
(Source: Schlumberger)
By John Lee.
Italy’s Saipem has been awarded a contract by ExxonMobil Iraq Limited for the DS6 project for the debottlenecking of the West Qurna field, in the south east of Iraq.
Debottlenecking is a process that optimises a plant in order to increase its overall capacity.
The works will have a duration of 23 months and will mainly be executed in the Rumaila fabrication yard, owned by Saipem.
(Source: Saipem)
(Picture: Saipem chief executive, Stefano Cao)
By John Lee.
Talks between ExxonMobil and Iraq on the multi-billion-dollar Common Seawater Supply Project (CSSP) have reportedly broken down.
According to Reuters, the director general of the Basra Oil Company (BOC) told reporters that the BOC will award the contract through a tender process, which it expects to complete at the end of July.
It adds that the BOC has already shortlisted three companies from an initial list of seven for the contract.
(Source: Reuters)
By John Lee.
Talks between ExxonMobil and Iraq on the multi-billion-dollar Common Seawater Supply Project (CSSP) have reportedly reached an impasse.
According to Reuters, two sides differ on contract terms and costs.
Ian Thom, principal analyst at consultancy Wood Mackenzie, told the news agency:
“The CSSP would be expensive and challenging but there’s opportunity here (for Exxon) … to get access to resources on a very large scale and to achieve something and really make a difference to its own business.”
(Source: Reuters)