Iraq signs final contract for Mansuriyah gas field
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.
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.
Last Update: June 07, 2011 11:13