The Oil Ministry is evaluating bids from 14 international companies for the contract to provide reservoir management studies for the giant Kirkuk and Rumaila north and south oil fields. The work will be the first significant rehabilitation project carried out by the ministry without direct US funding since the official end of hostilities in May 2003 (MEED 30:7:04).
The contract, due to be awarded in October, is scheduled to take six months to complete and is expected to lead to a more substantial tender for reservoir management and remedial engineering work. The studies are considered a vital first step in rehabilitating Iraq's giant fields, which have suffered from under-investment and overproduction. The two fields have combined optimal production capacity of 1.9 million barrels a day (b/d), which exceeds the country's present output of less than 1.5 million b/d.
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