Editing Economy of Iraq (section)

==== 2009 oil services contracts ====
{{update|section|date=August 2018}}
Between June 2009 and February 2010 the [[Ministry of Oil (Iraq)|Ministry of Oil]] tendered for the award of Service Contracts to develop Iraq's existing oil fields. The results of the tender, which were broadcast live on Iraqi television, are as follows for all major fields awarded but excluding the [[Kurdistan Region]] where Production Sharing Contracts have been awarded that are currently being disputed by the Baghdad government. All contracts are awaiting final ratification of the awards by the Iraqi government. Company shares are subject to change as a result of commercial negotiations between parties.

{| class="wikitable"
|-
! Field
! Company
! Home country
! Company type
! Share in field
! Production increase share
! Service fee per bbl
! Gross revenue at plateau - US bn p.a.
! References
|-
| [[Majnoon oil field|Majnoon]]
| [[Royal Dutch Shell|Shell]]
| Netherlands
| Public
| 45%
| 0.7875
| 1.39
| 0.4
| [http://news.bbc.co.uk/1/hi/8407274.stm BBC] {{Webarchive|url=https://web.archive.org/web/20120307105947/http://news.bbc.co.uk/1/hi/8407274.stm |date=7 March 2012 }}
|-
|
| [[Petronas]]
| Malaysia
| State
| 30%
| 0.525
| 1.39
| 0.266
| [https://web.archive.org/web/20091214170521/http://www.shell.com/home/content/media/news_and_library/press_releases/2009/iraq_majnoon_contract_11122009.html Shell]
|-
| [[Halfaya Field|Halfaya]]
| [[CNPC]]
| China
| State
| 37.5%
| 0.525
| 1.39
| 0.102
| [http://www.upstreamonline.com/live/article201498.ece Upstream] {{Webarchive|url=https://web.archive.org/web/20160112213319/http://www.upstreamonline.com/live/article201498.ece |date=12 January 2016 }}
|-
|
| [[Petronas]]
| Malaysia
| State
| 18.75%
| 0.099
| 1.4
| 0.051
| [http://www.upstreamonline.com/live/article204570.ece Upstream] {{Webarchive|url=https://web.archive.org/web/20120926032236/http://www.upstreamonline.com/live/article204570.ece |date=26 September 2012 }}
|-
|
| [[TotalEnergies]]
| France
| Public
| 18.75%
| 0.099
| 1.39
| 0.051
|
|-
| [[Rumaila oil field|Rumaila]]
| [[BP]]
| UK
| Public
| 37.5%
| 0.7125
| 2
| 0.520
| [https://web.archive.org/web/20090727090536/http://www.businessweek.com/globalbiz/content/jul2009/gb20090724_632771.htm Business Week]
|-
|
| [[CNPC]]
| China
| State
| 37.5%
| 0.7125
| 1.39
| 0.520
|
|-
| [[Az Zubayr|Zubair]]
| [[Eni|ENI]]
| Italy
| Public
| 32.81%
| 0.328
| 2
| 0.240
| [https://web.archive.org/web/20091107025815/http://www.businessweek.com/magazine/content/09_46/b4155000179541.htm Business Week]
|-
|
| [[Occidental Petroleum|Occidental]]
| US
| Public
| 23.44%
| 0.2344
| 2
| 0.171
| [http://www.businessweek.com/ap/financialnews/D9DCOPK80.htm Business Week]{{dead link|date=January 2025|bot=medic}}{{cbignore|bot=medic}}
|-
|
| [[KOGAS]]
| Korea
| State
| 18.75%
| 0.1875
| 2
| 0.137
| [http://www.upstreamonline.com/live/article204637.ece Business Week] {{Webarchive|url=https://web.archive.org/web/20111007122955/http://www.upstreamonline.com/live/article204637.ece |date=7 October 2011 }}
|-
| [[West Qurna Field]] Phase 2
| [[Lukoil]]
| Russia
| Public
| 75.00%
| 1.3500
| 1.15
| 0.567
| [https://web.archive.org/web/20091107025815/http://www.businessweek.com/magazine/content/09_46/b4155000179541.htm Business Week]
|-
|
| [[Equinor]]
| Norway
| State
| n/a<ref>{{Cite news |url=https://af.reuters.com/article/energyOilNews/idAFL5E8E714T20120307 |title=Iraq approves Statoil sale of oil field stake to Lukoil |publisher=af.reuters.com |access-date=2012-03-07 |newspaper=Reuters |date=2012-03-07 |archive-date=4 March 2016 |archive-url=https://web.archive.org/web/20160304064349/http://af.reuters.com/article/energyOilNews/idAFL5E8E714T20120307 |url-status=dead }}</ref>
| n/a
| n/a
| n/a
| [http://www.statoil.com/en/NewsAndMedia/News/2010/Pages/LukoilAndStatoilSignsWestQurnaContract.aspx Equinor] {{Webarchive|url=https://web.archive.org/web/20120125083852/http://www.statoil.com/en/NewsAndMedia/News/2010/Pages/LukoilAndStatoilSignsWestQurnaContract.aspx |date=25 January 2012 }}
|-
| [[Badra, Iraq|Badra]]
| [[Gazprom]]
| Russia
| State
| 30%
| 0.051
| 5.5
| 0.102
|[https://web.archive.org/web/20120125161810/http://www.businessweek.com/ap/financialnews/D9DGMVR00.htm Business Week]
|-
|
| [[Petronas]]
| Malaysia
| State
| 15%
| 0.0255
| 5.5
| 0.051
| [http://www.upstreamonline.com/live/article204640.ece Upstream] {{Webarchive|url=https://web.archive.org/web/20111007124602/http://www.upstreamonline.com/live/article204640.ece |date=7 October 2011 }}
|-
|
| [[KOGAS]]
| Korea
| State
| 23%
| 0.03825
| 5.5
| 0.077
| [http://www.upstreamonline.com/live/article204637.ece Upstream] {{Webarchive|url=https://web.archive.org/web/20111007122955/http://www.upstreamonline.com/live/article204637.ece |date=7 October 2011 }}
|-
|
| [[TPAO]]
| Turkey
| State
| 8%
| 0.01275
| 5.5
| 0.026
|
|-
| [[West Qurna Field]] Phase 1
| [[Exxon]]
| US
| Public
| 60%
| 1.2276
| 1.9
| 0.851
| [http://www.businessweek.com/ap/financialnews/D9DENUP80.htm Business Week]{{dead link|date=January 2025|bot=medic}}{{cbignore|bot=medic}}
|-
|
| [[Royal Dutch Shell|Shell]]
| United Kingdom / Netherlands {{NoteTag|From 2005 to 2022, Shell had its headquarters in The Hague and its registered office in London. In January 2022, the company moved its headquarters to London.}}
| Public
| 15%
| 0.3069
| 1.9
| 0.213
| [http://royaldutchshellplc.com/2010/01/25/exxon-shell-sign-final-deal-for-iraqs-west-qurna-1-oil-field/ Alfred Donovan's blog] {{Webarchive|url=https://web.archive.org/web/20120229032449/http://royaldutchshellplc.com/2010/01/25/exxon-shell-sign-final-deal-for-iraqs-west-qurna-1-oil-field/ |date=29 February 2012 }} ([[royaldutchshellplc.com]])
|}

''Notes:''

# ''Field shares are as a % of the total. The Iraqi state retains a 25% share in all fields for which service contracts have been awarded.''
# ''Production increase share is the millions of bbls per day that will attract the service fee for the company.''
# ''Gross revenue at plateau is the total payment each company will receive upon reaching their declared target plateau production rate (in between 5 and 8 years, depending on the field), before deduction of any operating costs, in addition to recovery of all development costs as billions of US dollars per annum. The total gross revenue for all companies, after recovery of capital costs, is at plateau production of an additional 9.4 mb/d, 4.34 bn US per annum, at a $70 bbl oil price. The 2010 Iraq govt budget is $60 billion. $300 billion is approximately $10,000 per annum for each Iraqi citizen.''

In summary the shares by region in the increased production are:

{| class="wikitable"
|-
! Region
! Production<br />Share mb/d
! % of<br />total
|-
| Iraq
| 1.462
| 25%
|-
| Asia
| 1.9
| 20%
|-
| UK
| 1.81
| 19%
|-
| US
| 1.462
| 16%
|-
| Russia
| 1.402
| 14%
|-
| Europe (excl UK)
| 0.528
| 6%
|}