Sonoran
submits additional bids for Iraqi oilfield contracts
Posted: 19 May 2004
Sonoran Energy, Inc. President and CEO Peter Ostenfeld-Rosenthal
announced the Company has submitted bids for two addition Iraqi
oilfield contracts.
The two applications were submitted to Iraq’s Ministry of
Oil through the State Company for Oil Projects (SCOP), which operates
the design and engineering of upstream and downstream projects in
Iraq. The two contracts include the Khurmala Dome Project in the
Kirkuk Field and the Hamrin Oil Field Development Project.
The Khurmala Dome Project -- the largest complex in the Kirkuk
field -- is intended to increase production at Kirkuk by 100,000
bbl/d. This development of Khurmala is aimed at compensating for
declines in output of the mature Kirkuk field.
The northern Kirkuk field, first discovered in 1927, forms the
basis for northern Iraqi oil production. The drilling and field
development contract in the Hamrin Field, located 75 km south west
of Kirkuk and 200 km northwest of Baghdad, is for production of
60,000 bbl/d.
The Hamrin Oil Field Development Project includes the completion
of 45 wells, and the drilling and completion of 76 additional wells.
These contracts for developing or repairing oil production facilities
in the Kirkuk and Hamrin fields are cash contracts that Sonoran
Energy would like to see converted to risk-sharing agreements in
the future.
Sonoran Energy made the formal submission to the Ministry of Oil
in conjunction with the Company’s operating services affiliate
Scottsdale Oil Field Services Ltd.
“Now that these bids have been submitted we intend to meet
with the Ministry of Oil to discuss our potential involvement in
these significant projects,” said Peter Ostenfeld-Rosenthal
President and CEO of Sonoran Energy.
“Our Iraqi partners are currently in Baghdad and have several
meetings scheduled this week to explore the status of the Khurmala
and Hamrin projects. Despite the volatile nature of working in Iraq,
Sonoran Energy remains one of a handful of Western companies pursuing
oil and gas opportunities inside Iraq.”
For more information see http://www.sonoranenergy.com/
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
