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Iraq - Which company will win the bidding for the Akkas gas field?
Suspended
Suspend date reached
Background:
Background: Iraq is scheduled to open its first postwar bidding for oil service contracts on Monday. International oil companies were expelled by Saddam Hussein more than 30 years ago.
http://www.google.com/hostednews/ap/article/ALeqM5jpBEKPNaF-qBe2TU2V6lmxCs2B6QD991RR000
http://www.iraqoilreport.com/the-biz/op-ed-assessment-of-the-oil-and-gas-contracts-in-iraq-1841/
The companies that qualified for the bidding, along with the fields and reserves, are compiled below.
Companies
Chevron (USA)
ConocoPhilips (USA)
Exxon Mobil (USA)
Hess Corp. (USA)
Marathon International Petroleum Ltd. (USA)
Occidental Petroleum Corp. (USA)
BP Group PLC. (GBR)
Inpex Holdings Inc., (JAP)
Japex and Nippon Oil Corp. (JAP)
BHP Billiton Ltd. (AUS)
Woodside Petroleum Ltd. (AUS)
China's CNOOC Ltd. (CHN)
CNPC International Ltd. (CHN)
Sinochem International Co. Ltd. (CHN)
Sinopec Shanghai Petrochemical co. Ltd. (CHN)
Edison International SPA (ITA)
Eni (ITA)
JSC Lukoil (RUS)
JSC Gazprom Neft (RUS)
Total SA. (FRA)
Korea Gas Corp. (KOR)
Repsol YPF SA. (ESP)
StatoilHydro ASA. (NOR)
Royal Dutch Shell. (NED)
Nexen Inc. (CAN)
Maersk (DEN)
ONGC Ltd. (IND)
Petronas Gas BHD. (MAS)
PT Pertamina (INA)
State-run oil firms:
Turkish Petroleum Corporation (TPAO),
Algeria's Sonatrach,
PetroVietnam,
Angola's Sonangol SA,
Pakistan Petroleum Ltd.,
and Petroleum Authority of Thailand.
GAS FIELD
Akkas Field in Anbar Province:Undeveloped.
reserves: 2.15 trillion cubic feet
potential: 500 million cubic feet/day.
CatEds Note:
"Oil ministry spokesman Assem Jihad said Thursday that a new date for the second bid round hadn't been set, but that it could be held as early as within the next few months. It had originally been scheduled for December."
http://online.wsj.com/article/SB124653439569985287.html
This question is being reopened and extended until the end of September.
http://www.google.com/hostednews/ap/article/ALeqM5jpBEKPNaF-qBe2TU2V6lmxCs2B6QD991RR000
http://www.iraqoilreport.com/the-biz/op-ed-assessment-of-the-oil-and-gas-contracts-in-iraq-1841/
The companies that qualified for the bidding, along with the fields and reserves, are compiled below.
Companies
Chevron (USA)
ConocoPhilips (USA)
Exxon Mobil (USA)
Hess Corp. (USA)
Marathon International Petroleum Ltd. (USA)
Occidental Petroleum Corp. (USA)
BP Group PLC. (GBR)
Inpex Holdings Inc., (JAP)
Japex and Nippon Oil Corp. (JAP)
BHP Billiton Ltd. (AUS)
Woodside Petroleum Ltd. (AUS)
China's CNOOC Ltd. (CHN)
CNPC International Ltd. (CHN)
Sinochem International Co. Ltd. (CHN)
Sinopec Shanghai Petrochemical co. Ltd. (CHN)
Edison International SPA (ITA)
Eni (ITA)
JSC Lukoil (RUS)
JSC Gazprom Neft (RUS)
Total SA. (FRA)
Korea Gas Corp. (KOR)
Repsol YPF SA. (ESP)
StatoilHydro ASA. (NOR)
Royal Dutch Shell. (NED)
Nexen Inc. (CAN)
Maersk (DEN)
ONGC Ltd. (IND)
Petronas Gas BHD. (MAS)
PT Pertamina (INA)
State-run oil firms:
Turkish Petroleum Corporation (TPAO),
Algeria's Sonatrach,
PetroVietnam,
Angola's Sonangol SA,
Pakistan Petroleum Ltd.,
and Petroleum Authority of Thailand.
GAS FIELD
Akkas Field in Anbar Province:Undeveloped.
reserves: 2.15 trillion cubic feet
potential: 500 million cubic feet/day.
CatEds Note:
"Oil ministry spokesman Assem Jihad said Thursday that a new date for the second bid round hadn't been set, but that it could be held as early as within the next few months. It had originally been scheduled for December."
http://online.wsj.com/article/SB124653439569985287.html
This question is being reopened and extended until the end of September.
Settlement details:As reported by a major mainstream news source.
Forecast history %
| ExxonMobil (USA) |
| |||
| BP Group PLC (GBR) |
| |||
| Royal Dutch/Shell (NED) |
| |||
| ChevronTexaco (USA) |
| |||
| TotalFinaElf (FRA) |
| |||
| Conoco+Phillips (USA) |
| |||
| Petronas (MAS) |
| |||
| JSC Lukoil (RUS) |
| |||
| Sinopec (CHN) |
| |||
| Any other company/firm or outcome |
|
Predictions on this question are temporarily suspended
- Activity: H$6,703 |
- Predictions: 28 |
Comments: 2
Suspend date: Wed 30th Sep 2009 11:59pm PST
Initial likelihoods: ExxonMobil (USA): 10%, BP Group PLC (GBR): 10%, Royal Dutch/Shell (NED) : 10%, ChevronTexaco (USA) : 10%, TotalFinaElf (FRA) : 10%, Conoco+Phillips (USA): 10%, Petronas (MAS): 10%, JSC Lukoil (RUS): 10%, Sinopec (CHN): 10%, Any other company/firm or outcome: 10%
Action history:
Suspended Tue 30th Jun 2009 3:59pm PST : Suspend date reached
Suspended Tue 30th Jun 2009 3:59pm PST : Suspend date reached
Unsuspended Fri 3rd Jul 2009 5:41am PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: Bidding not finalized...extending wagering period through Sunday night
bayoubear: Bidding not finalized...extending wagering period through Sunday night
Suspended Sun 5th Jul 2009 11:59pm PST : Suspend date reached
Changed Description Mon 6th Jul 2009 7:23am PST by bayoubear: show details
bayoubear: show details ... : 500 million cubic feet/day. <br/> <br/> <b>CatEds Note:</b> <br/> "Oil ministry spokesman Assem Jihad said Thursday that a new date for the second bid round hadn't been set, but that it could be held as early as within the next few months. It had originally been scheduled for December." <br/> <br/> http://online.wsj.com/article/SB124653439569985287.html <br/> <br/> This question is being reopened and extended until the end of September.
Suspended Wed 30th Sep 2009 11:59pm PST : Suspend date reached
Suspend date: Wed 30th Sep 2009 11:59pm PST details 
Get widget!Predictions (28)
donnamil
predicted Any other company/firm or outcome (H$300 at 40%)
aaronwinborn
predicted Any other company/firm or outcome (H$50 at 40%)
undercontrol
predicted Any other company/firm or outcome (H$5 at 39%)
neopugg
predicted Any other company/firm or outcome (H$10 at 39%)
hect0rComments (2)
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A consortium led by Italy's Edison SpA (EDN.MI) has bid for the Akkas gas field in the first round of auctions for eight oil and gas fields in Iraq, Iraqi Oil Minister Hussain al-Shahristani said Tuesday.
The consortium - which includes Malaysia's Petroliam Nasional Bhd, or Petronas, China National Petroleum Corp., Turkey's TPAO and Korea Gas Corp. (036460.SE) - is seeking $38 for each extra barrel of oil equivalent produced and intends to produce 425 million cubic feet of gas a day.
The Oil Ministry is offering $8.50 for each barrel of oil equivalent.
http://online.wsj.com/article/BT-CO-20090630-706180.html
It appears that most all of the bids are being submitted, not by the individual companies as listed, but by consortiums, led by one particular company, depending upon the field.
This question will be settled based on which company is the LEAD company in the consortium. Only if there is another company involved as the lead company, or if there is a 50/50 split between two companies in the deal would the settlement be 'other outcome'
This market has been reopened to allow for continued wagering and adjustments of positions. It may be extended beyond the current Sunday deadline if need be, depending upon the scheduling of bidding events.
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