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Iraq Licensing Rounds Overview
Source: Wood Mackenzie
o
There have been four licencing rounds over the past seven years in Iraq, primarily focusing on discovered resources
opportunities
▪
In 2009, 35 international oil companies were pre-qualified to participate in Iraq’s first petroleum licensing
round
➢
Invited to bid on six oil fields and two undeveloped gas fields; contract signed with Zubair, West Qurna
1, Rumaila and the Misan Group fields
o
2nd bid round (2009): seven contracts awarded
o
3rd bid round (2010): three gas fields tendered and awarded including Siba and Mansuriya
o
4th licensing round (2012), an exploration licensing round in which four blocks were awarded including Block 9
Blocks Awarded by Region
0
2
4
6
8
10
12
14
16
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Kurdistan Northern Iraq Southern Iraq Western Dessert
Number of Blocks
33
Overview of Historical Iraqi Licence Rounds