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Iraq moots Exxon, Lukoil bids
- Iraq: Monday, October 12 - 2009 at 10:47
Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq's Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France's Total for the field, and says it has received another bid from Italy's ENI for Zubair, which also went unawarded in June. West Qurna phase 1 has reserves of 8.7bn barrels while Zubair's reserves are estimated at 4bn barrels.
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StaffMonday, October 12 - 2009 at 10:47 UAE local time (GMT+4)
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