Posts Tagged ‘Remuneration Fee per Barrel (RFB)’

PetroChina, CNOOC and Missan Oil prepare tender for Iraq export pipeline

CNPC to connect Halfaya field to Al-Fao export terminal The joint venture between the national oil companies China National Petroleum Corporation (CNPC), also called PetroChina, together with its partners China National Offshore Oil Corporation (CNOOC) and the local Missan Oil Company (MOC) are preparing the call for tender of the […]

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Petronas to call for bid on Gharraf Gas Treatment Plant in October

Petronas and Japex move on Iraq Gharraf phase 1 The Malaysian national oil company, Petronas, Japan Petroleum Exploration (Japex) and North Oil Company from Iraq, are moving one the first phase of the development of the Gharraf, or Garraf, oil and gas field in southern Iraq. Gharraf is the fifth largest […]

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Total in the race to Kurdistan with ExxonMobil and Chevron

Total to acquire ShaMaran Taza oil field in Kurdistan The Canadian ShaMaran Petroleum Corp (ShaMaran) announced this week to have sold its interests to the French major Total  in the Taza oil field in Kurdistan. Last month Total had signed with the US Marathon Oil Company (Marathon) a Farm-in Agreement to acquire 35% of the working interests in […]

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Chevron and Reliance close deal in Kurdistan oil fields

Chevron to acquire Rovi and Sarta in Iraqi Kurdistan Following ExxonMobil to move first in Kurdistan in signing six oil field development licenses in November 2011, Chevron is also entering Kurdistan, in the northeastern Iraq, in dealing with Reliance Industries Limited (Reliance) from India.  According to the contract signed between […]

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Technical Service Contracts

Definition Technical Service Contract, or TSC, refers to an oil and gas exploration and production contract awarded by a producing country to the International Oil Company (IOC) bidding with the lowest remuneration fees per barrel (RFB) produced as reward of its capital and operational expenditures. Comments Most of the exploration […]

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