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South Kurdistan oil & gas development
Topic Started: Nov 17 12, 1:25 (649,169 Views)
Worldwar2boy
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All companies under 65% local force amployement must be burned.
biji kurd u kurdistan !!
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ALAN
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Exxon has 77% nice work, next KRG needs to force Gazprom, Total and Chevron to increase their local employees
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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Former deputy minister of oil: "KRG needs to nationalize oil industry and re-evaluate the contracts otherwise a huge loss will be left to our next generation as companies are taking a high stake of profit from the contracts"

http://www.awene.com/article/2014/02/04/29533
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Kinematik
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ALAN
Feb 2 14, 5:03


Not true, KRG gets like 50% of the deals with the contracted fields but 3 biggest fields is in the hand of KRG, Khurmala, Hevana and 3rd one which I forgot it's name
[/b]
No no no,

The PSC profits for the IOCs are linear, higher in the beginig to recover cost for development of fields.

At first the companys(including KRG who has 25% in almost every field, dont forget that) get to share about 48% of the price of 1 barrel.

But as the fields get developed the profit is lower, when the fields production yieldz 2,25 times more money than they spend on developing it, the IOCs share is 13%


Very important to get facts straight, maybe this is why Bagdad refuses, because they dont understand the terms of the contracts!
Edited by Kinematik, Feb 5 14, 4:43.
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Kinematik
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Who is this idiot??

They wouldnt replace 17% from budget with oil revenue, they would get 17% (that they dont get now) plus 17% of exported oil.

http://www.ekurd.net/mismas/articles/misc2014/2/state7719.htm

It's better to accept 17% of Iraqi budget rather than having vague Kurdistan oil incomes 4.2.2014 Ekurd.net More Sharing Services Share | Share on facebook Share on myspace Share on google Share on twitter
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ALAN
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He is from a party we have called PUK once very patriot and liberated SK in 1991 now the leaders have turned into businessmen/women and deeply corrupt.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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Kinematik
Feb 5 14, 4:36
ALAN
Feb 2 14, 5:03


Not true, KRG gets like 50% of the deals with the contracted fields but 3 biggest fields is in the hand of KRG, Khurmala, Hevana and 3rd one which I forgot it's name
[/b]
No no no,

The PSC profits for the IOCs are linear, higher in the beginig to recover cost for development of fields.

At first the companys(including KRG who has 25% in almost every field, dont forget that) get to share about 48% of the price of 1 barrel.

But as the fields get developed the profit is lower, when the fields production yieldz 2,25 times more money than they spend on developing it, the IOCs share is 13%


Very important to get facts straight, maybe this is why Bagdad refuses, because they dont understand the terms of the contracts!
Do you have a source for that!? 48% isnt what i said as well!?
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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LelleS
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Alan

I gues this could be of help?

http://www.krg.org/pdf/3_krg_model_psc.pdf
Edited by LelleS, Feb 6 14, 7:42.
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ALAN
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Nowhere in that article this is mentioned

Quote:
 
The PSC profits for the IOCs are linear, higher in the beginig to recover cost for development of fields.

At first the companys(including KRG who has 25% in almost every field, dont forget that) get to share about 48% of the price of 1 barrel.

But as the fields get developed the profit is lower, when the fields production yieldz 2,25 times more money than they spend on developing it, the IOCs share is 13%
These contracts are a blow to our next generations and thus must be revised by today KRG or the next generation to come. And if oil doesnt get us international recognition for statehood we must stop all productions immediately.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Kinematik
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ALAN
Feb 6 14, 8:04
Nowhere in that article this is mentioned

Quote:
 
The PSC profits for the IOCs are linear, higher in the beginig to recover cost for development of fields.

At first the companys(including KRG who has 25% in almost every field, dont forget that) get to share about 48% of the price of 1 barrel.

But as the fields get developed the profit is lower, when the fields production yieldz 2,25 times more money than they spend on developing it, the IOCs share is 13%
These contracts are a blow to our next generations and thus must be revised by today KRG or the next generation to come. And if oil doesnt get us international recognition for statehood we must stop all productions immediately.
Why don't you dig deeper than reading articles?

These contracts are beeing signed all over the world today, Africa for example.

As I said they are linear high profit in the beginning to found development and then low when field is bringing in 2,25 times the money the company is spending in the field.


Read the contracts, shahristani should to!

The next generation will have very good life's

RPS Energy Evaluation of the Atrush Block, Kurdistan 23 November 2010 32

5.6.2. Royalty Royalty is levied at a flat rate of 10% of the value of commercial production, which is determined by
the price received at the delivery point.

For the P90 and P50 cases we assume the delivery point to
be the nearest tie-in point to the Kurdish trunk pipeline. For the P10 case, we assume the delivery
point to be the Turkish port of Ceyhan. See discussion of pricing (Section 5.2.2) for more details.

5.6.3. Cost Recovery Up to 40% of Field Revenue, net of Royalty, is available for the Contractor's cost recovery of
Petroleum Costs incurred (i.e. is available as "Cost Oil"). Petroleum Costs include exploration /
appraisal Capex, development Capex, field Opex, abandonment costs, and the various fees,
contributions and levies (excluding bonuses) discussed below. GEP informs us that the Contractor has incurred MOD USD 16.11 MM in recoverable costs prior to
2010.


5.6.4. Profit Sharing

A :clap ny Field Revenue, net of Royalty, and net of Cost Oil distributed to the Contractor, is considered to
be Gross Profit Oil.

Gross Profit Oil is shared between the Contractor and the KRG according to an "R-factor".

The R-factor is a measure of the Contractor's degree of cumulative "payback", based on the Contractor's
revenue received and costs incurred to date. In general, before the Contractor has achieved payback, it receives a higher percentage of Gross Profit Oil than it does after it has achieved payback.

More specifically, the R-Factor in a given year is calculated as (Contractor's cumulative revenue) / (Contractor's cumulative costs) where cumulative revenue equals (Contractor's cumulative Cost Oil) + (Contractor's share of cumulative Profit Oil).

To avoid circularity in calculating the R-Factor in a given year (i.e. one needs to know the Contractor's
share of Profit Oil in order to know the R-Factor; but one also needs to know the R-Factor in order to
know the Contractor's share of Profit Oil), RPS has calculated the R-Factor for a given year as the
ratio of the Contractor's previous year's cumulative revenue to the Contractor's previous year's
cumulative costs.

The R-Factor determines the Contractor's share of Gross Profit Oil as follows:

When R is greater than 0 but less than or equal to 1.00, the Contractor's share of Gross Profit Oil is 32% (The PSC states that during the first year of commercial production, the R-Factor
by definition is less than 1);

When R is greater than 1.00 but less than or equal to 2.25, the Contractor's share of Gross Profit Oil = [ 32% - (32% - 16%) x (R-1) / (2.25 -1) ];

When R is greater than 2.25 the Contractor's share of Gross Profit Oil is 16%.

A Capacity Building Charge(Tax) is payable in cash determined as 30% of GEP's share of profit oil
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Kinematik
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So


When R factor is 2,25 or higher profit oil is 16% and company's pay 30% tax and also 10% royalty to Iraq

100$ for 1 barrel minus 10% royalty =90$

16% of 90$=14,4$ and 30% tax = 10,08$ for IOCs to share on.

And maybe they can get some cost recovery but they will get 10-13% per barrel sold


Is that stealing? And also think how many jobbs this will create that they will pay, not the government.


Think about it
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the SUN child
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ZAGROS-ARYAN

Kinematik
Feb 7 14, 4:01
Is that stealing? And also think how many jobbs this will create that they will pay, not the government.


Think about it
Yes! We, Kurds don't have to sell our oil at this moment at all. Kurdistan is not independent yet. All the oil revenue will go to the NGO's, Barzani's, Turks and Arabs in Baghdad and not the common Kurds. I'm a Kurd and I don't benefit form Kurdish oil. We should start selling our oil after independent Kurdistan is established, and not sooner than that. It's all nothing but LIES!


We can sell our any time we want in the future and today it's not the right time to do that!
Edited by the SUN child, Feb 7 14, 4:16.
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Kinematik
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thmillionild
Feb 7 14, 4:15
Kinematik
Feb 7 14, 4:01
Is that stealing? And also think how many jobbs this will create that they will pay, not the government.


Think about it
Yes! We, Kurds don't have to sell our oil at this moment at all. Kurdistan is not independent yet. All the oil revenue will go to the NGO's, Barzani's, Turks and Arabs in Baghdad and not the common Kurds. I'm a Kurd and I don't benefit form Kurdish oil. We should start selling our oil after independent Kurdistan is established, and not sooner than that. It's all nothing but LIES!


We can sell our any time we want in the future and today it's not the right time to do that!
Hahaha

Sorry for laughing

So you want to declare Kurdistan independant FIRST and then invite oil company's to start exploring for oil, bulding pipelines and productionfacilitys that costs billions?

It takes years! IOCs came in almost 10 years ago and now you have 300k barrels per day production. And you need 1 million barrels of export capacity to finance your independence and live comfortably


Theese oil companies have spent so many billions and haven't exported any counties of oil to talk about

You will get your independence THANKS to theese oilcompanies.

2015 you will have 1 million barrels per day, can you wait that long? :waveflag:

And so what if you start export now and contribute to.Iraqi treasure chest, it's not more than 150 million barrels per year @ 400k per day and Kurdistan has a minimum of.45 billion barrels of oil.... :)
Edited by Kinematik, Feb 7 14, 5:24.
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Kinematik
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And yes you will benefit from exporting oil now also because today you only get money from Baghdad's export, but now you will get that AND 17% from what the Kurds are exporting

17% is from the constitution.. And Baghdad should also follow this from now on not 10-11%
Edited by Kinematik, Feb 7 14, 6:22.
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the SUN child
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ZAGROS-ARYAN

Baghdad is not giving us enough of money and not as much as they should. Basically more money from Kurdistan is going to Baghdad than money from Baghdad to Kurdistan. And this is not enough, they want to exploit Kurds and Kurdistan even further, like colony.

We’re not going to feed Arabs and especially Sunni Arabs that still want to genocide Kurds.
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Kinematik
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So much hate :(


Off course Baghdad should start following the constitution regarding 17%

But as i said. 2015 you have 1 million barrels... This will give you ALLOT of money, 30 billion in a year... If independant :)

I hope you all can understand that this wouldnt be possible without the IOCs, you dont have the knowledge to exploit oil.
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Şirnex
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Kinematik
Feb 7 14, 7:19

But as i said. 2015 you have 1 million barrels... This will give you ALLOT of money, 30 billion in a year... If independant :)

thats next year, great :D
talabani = jash
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ALAN
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I still hope that KRG re-evaluates these PCS and drops the profit for the IOCs, maybe a 70% profit all round our way is a good solution... and if the oil doesnt buy us intl support for independence from chaotic loserish iraq the hell with it all and all the IOCs have to be kicked out.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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Kinematik
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ALAN
Feb 7 14, 8:22
I still hope that KRG re-evaluates these PCS and drops the profit for the IOCs, maybe a 70% profit all round our way is a good solution... and if the oil doesnt buy us intl support for independence from chaotic loserish iraq the hell with it all and all the IOCs have to be kicked out.
Why? Now you will have.90% profit in the long run.

The higher profit will only be for 2-3 years max while production is ramping up and paying back costs.

You will even have more than 90% since KRG have 20-25% in every field so they will get 20-25% from IOCs profit there also


Hawrami isn't stupid, he has handled this very good.
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Kinematik
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What do you think about this?


http://www.gulfkeystone.com/media/79581/CSR-Newsletter-Jan-2014.pdf
Edited by Kinematik, Feb 7 14, 4:43.
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ALAN
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Kurds started this whole thing not for the $ as we were getting $12 billion each year FREE from iraq, this whole thing was done o get independence from iraq via an oil lobby from he intl community but it seems US is very against it and thus other powers are chickening out, totally pissed at US the big mac eaters..... we will look for other allies, Russia and China will do.
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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Now that is what i am talking about baby KF xD

Gazprom Neft hopes its oil output in South Kurdistan may reach 10 mln tons a year by 2022

Economy February 05, 15:17 UTC+4

The capacity of two oil reserves in South Kurdistan is estimated at 1.5 billion tons

MOSCOW, February 05. /ITAR-TASS/. Gazprom Neft, the oil branch of Russia’s energy giant Gazprom, hopes that the annual oil output at blocs it is developing in South Kurdistan may reach 10 million tons by 2021-2022, the company’s deputy chief executive officer Vadim Yakovlev told a news conference on Wednesday.

In 2012 Gazprom Neft signed two production sharing agreements on the Garmian and Shakal blocs in southern Kurdistan with the Kurdistan Regional Government. At present, Gazprom Neft continues geological surveys at those blocs. The two blocs’ oil reserves are estimated at 1.5 billion tons.

In early 2013 Gaprom Neft received an 80% stake in the Khalabdzha bloc development project in South Kurdistan under a production sharing agreement. The remaining shares in the project are owned by the Kurdistan Regional Government. The reserves at the bloc located 30 kilometers of Garmian are estimated at around 90 million tons.

http://en.itar-tass.com/economy/717657

http://www.youtube.com/watch?v=PdskhGnsxkY
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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Kinematik
Feb 7 14, 4:41
From your article

Posted Image
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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Iraq and south Kurdistan close to ending oil dispute

[14:18] 14/Feb/07

PNA - Iraq’s federal government and autonomous south Kurdistan are close to reaching an agreement to end their dispute over Erbil’s crude exports, says Genel Energy which operates in the region.

Mehmet Sepil, the Anglo-Turkish Genel Energy company’s president, who was familiar with the negotiations between Baghdad and Erbil, told Reuters that he saw an agreement over the sharing of oil revenues approaching.

“We have never been this close to a deal,” said Sepil, adding, “The issues that caused an impasse have been identified. There’s been quite a bit of progress made.”

Kurdistan Regional Government (KRG) and Turkey have recently signed a multi-billion-dollar energy package. Under the deal, Kurdistan’s oil can reach Turkey and the global markets via the Mediterranean Sea.

Despite the firey statements exchanged between Baghdad and Erbil over the Kudistan region’s crude exports in the past months, talks between the two sides have continued.

- See more at: http://www.peyamner.com/English/PNAnews.aspx?ID=331324#sthash.i33sR2jX.dpuf
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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ALAN
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SOMO vs KOMO is the issue standing between Kurdistan and Iraq (Kurdish)

http://www.youtube.com/watch?v=5jn3lDE64_I
Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time.
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