Iraq signs final contract for Mansuriyah gas field
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Jun 07, 2011 - 12:00 am GMT+3
by Jun 07, 2011 12:00 am
Iraq's oil ministry signed a final contract on Sunday with a group led by Turkey's state-owned TPAO to develop the Mansuriyah gas field near the Iranian border in volatile Diyala province.
TPAO, Kuwait Energy Company and South Korea's Kogas (036460.KS) won a bid for Mansuriyah at an auction held in Baghdad last year.
The consortium's proposed plateau production target was 320 million standard cubic feet per day, and it set a remuneration fee of $7 per barrel of oil equivalent.
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