Petrochina invites bids for Halfaya oil field

09 September 2010

The contract will last for two years

Petrochina Company is inviting bids by 26 September for a deal that involves a detailed engineering, procurement, construction (EPC), commissioning and maintenance service for an oil storage and filling station at Halfaya oil field in Iraq.

The deal will last two years.

Petrochina is a subsidiary of Beijing-based China National Petroleum Corporation (CNPC) and leads a consortium that won a 20-year development and production contract to develop Halfaya oil field on 27 January 2010.

The consortium also includes France’s Total E&P Iraq, Iraq’s state partner South Oil Company and Malaysia’s Petronas.

Petrochina as the operator of the oil field holds a 37.5 per cent interest in the consortium, Total E&P Iraq and Petronas each hold 18.75 per cent and the state partner South Oil Company holds 25 per cent.

Total has been seeking to expand its presence in Iraq (MEED 26:4:10).

The Halfaya oil field is located in the Missan governorate in the southeast of Iraq. The oil field is 30 kilometres long and 10km wide. The consortium intends to increase the current oil field production from 3,100 barrels of oil per day (b/d) to 535,000 b/d.

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