What, Why and What next...

Informing you what’s going on and why in the global energy industry

IRAQ: our latest Special Report

Iraq is home to a conservatively-estimated 143 billion barrels of proven crude oil reserves – the world’s fifth largest – plus the 12th largest proven natural gas reserves at almost 112 trillion cubic feet (3.17 trillion cubic metres).

Like all frontier markets, the country’s hydrocarbons sector development plans are subject to frequent change. This is exacerbated in Baghdad’s case by ethnic tensions and the activities of the militant Islamic state group in the region. In addition, oil production is capped by infrastructure bottlenecks and the government’s lack of funds to drive field development. Once all of the pieces click into place though, oil production could rival – or even exceed Saudi Arabian levels.

Find out more here.

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A snowball's chance

Latest Special Report

MEXICO DEEPWATER SPECIAL REPORT

Mexico is preparing for its first ever deepwater auction. The bid round has been highly anticipated since the liberalisation of the country’s energy sector was announced and the Round One tender process began last year.

The government intends to hold the auction in the second half of 2016, though the oil price crash could delay the launch until early 2017. While timing remains opaque, the scale of the opportunity on offer is very clear. 

Ten blocks are on offer that the authorities believe could attract investment of up to US$44 billion. 

NewsBase’s Mexico Deepwater Special Report analyses the acreage, as well as the bid rules and tender terms that have been presented by the authorities. It considers Mexico’s handling of the Round One process to date and the lessons learnt by the government and regulator.

Local content rules are a major factor for potential bidders and are considered in detail, as is the role of state-run Pemex in the process.

The report is an invaluable guide to the risks and opportunities presented by Mexico’s deepwater bid round. It features exclusive insight from the Energy Ministry, the regulator and a broad range of industry experts. The report was compiled in Mexico City by NewsBase’s well-connected team of analysts. Find out more: http://shop.newsbase.com/collections/frontpage/products/mexico-deepwater...

 

Top Stories

21 April 2016, Week 15 Issue 806
Ukraine’s DTEK is mulling selling its Russian assets, DTEK CEO Maksym Tymchenko told local weekly Zerkalo Nedeli on April 15.

Commentary

19 April 2016, Week 15, Issue 571
Unable to pay IOCs for their efforts to increase Iraqi oil production, Baghdad is testing an initiative to pay contractors in local currency bonds. Simon Watkins reports. WHAT: Iraq is testing the...