<p>This book contains M. Abed Mazeel's 2011 articles examining several technical problems in the current oil and gas fields and prospects in Iraq. Iraq Oil Ministry has offered twelve areas covering 81,700 square kilometres with the blocks having a mix of oil and gas productivity. However, many blocks contain oil and gas shows and some of them are situated very close to previously discovered fields. The west and southwest of the desert are estimated to have high potential for hydrocarbon, where the own state Oil Exploration Company (OEC) has discovered several fields and many thousand of kilometres of 2D seismic data were acquired. The mentioned regions are thought to contain numerous undrilled prospects and, by that, to be highly prospective. Yet only four exploration wells have been drilled on the blocks, and the seismic coverage is old and of poor quality, including the west and southwest to the south of the country. The potential of discovering high potential reservoirs is very considerable, which may change the Iraqi total reserves to 300 or more billion barrel of oil and 500 trillion bscf of gas. This compilation of articles has the objective to identify and evaluate the petroleum systems of prospects and leads, calculate the reserves and assess the hydrocarbon potential and economics of the twelve blocks, Akkas and Ahdab fields using existing literature and available data published by the Ministry of Oil.</p>

Iraq Oil and Gas Papers 2011 (German Edition)

Business & Money

Mazeel, Dr. Muhammed Abed

International

disserta verlag

The first steps towards restructuring and reorganizing the institutions and legislation of the Iraqi oil and gas industry must include taking ownership of resources, allocating acreages to Iraqi Kurdistan and neighbour states, improving the transparency as well as governmental participation and fiscal principles. It is important to provide an institutional framework that governs the operations of the industry, including its functions, structure, powers and funding. Operations in the upstream of the industry comprise licenses, leases and contracts. Other considerations covered are award processes, right of governmental participation, marginal fields, indigenous companies, termination and revocation of both licenses and leases, matters on fees, rents and royalties and, finally, provisions on Associated Natural Gas. The legislation in the downstream sector focuses on licensing, refining, marketing and pricing of oil products, transport logistics and facility management companies, pipelines and depots. The operating stocks and Iraq strategic stocks are also necessary. The needs of the downstream natural gas include both technical and commercial licensing regulations and conditions, as the network, gas supply licenses, transportation pipelines licenses and the whole sale market in addition to the possibility of third party access, customer protection, the pricing regime, public service obligations, competition and market regulation. The legislation is an amendment to the existing Iraqi Technical Service Contracts (TSC) and Production Sharing Contracts Agreements (PSC) in Iraqi Kurdistan based on the need to create a new fiscal framework that takes various compelling issues into consideration. It needs to capture the full gas value chain for taxation purposes in order to develop a fiscal regime for gas removed from oil and to create thereby a level playing field for all investors in gas and promoting the effective management of costs across the industry, which in turn wi

Restructuring and Re-organization of the Iraqi Oil Ministry and State-owned Oil Companies for Maximum Economic Growth and National Development (German Edition)

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Books by Mazeel, Dr. Muhammed Abed

See the best price to sell, buy, or rent books by Mazeel, Dr. Muhammed Abed. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Iraq Oil and Gas Papers 2011 (German Edition)

Restructuring and Re-organization of the Iraqi Oil Ministry and State-owned Oil Companies for Maximum Economic Growth and National Development (German Edition)