Iraq’s cabinet approved on 30 April the award of the Mansuriya gas field development project in Diyala province to a consortium grouping Chinese oilfield services provider Jereh and an unknown entity named “Petro-Iraq.” The award will lead to a final contract with the Oil Ministry whose subsidiary Midland Oil Co will hold 51%, with the Chinese-Iraqi consortium holding 49%.
The Oil Ministry has estimated the field's reserves at approximately 4.5 trillion cubic feet of gas, with a daily production potential exceeding 300 million cubic feet if developed optimally.
According to the MEES, the Finance Ministry will fund Midland’s $506mn share investment for the first three years of project development: $73mn, $187mn and $246mn respectively. This implies total investment of $992mn over the initial three-year period.
Notably, previous contracts signed years ago with Chinese and Turkish companies were stalled without disclosed reasons.
Iraq has four non-associated gas fields: Akkas in Al-Anbar, Mansuriyah in Diyala, Siba in Basra, and Khor Mor in Al-Sulaymaniyah.