Syria Gets Bids for Oil Exploration, Production Deals

Ended the international tender for oil exploration and development and production in the eight new blocks, covering about 40 percent of the area of Syria announced by the Ministry of Petroleum and Mineral Resources and the General Organization of Petroleum last March.

The eight blocks located in different parts in the north and southeast Syria, and an approximate area about 73 thousand km2.

The announcement came in the framework of plans and programs of the Oil Ministry to increase production by expanding the exploration activities to include all the occupied Syrian and development of old fields, where it offered the ministry to new areas for exploration through a number of bids over the past years resulted in the signing of 12 contracts to explore new areas During the period from 2003 to 2007, with specialized international companies and qualified.

As they advanced 12 companies worldwide from different nationalities to their offers for this tender is the French company Total and Petro-Canada Canadian and Italy's Eni in partnership with Gulfsands British leading companies that made offers to this tender, as well as firms CNPC of China and the color of Energy - Syria Branch Canadian and Dana Gas, the UAE and HPC Tunisian and Picot Egyptian Azvenska Swedish and American IPR and Sideragon French and Flournoy Energy Oil & Gas (Flournoy Oil & Gas).

The aim of the advertising content to the production-sharing contract to carry out all special operations for oil exploration, development and production in the region, described the book of technical conditions and pursuant to the provisions, obligations and conditions contained in the draft contract attached to the book of the conditions prescribed for this purpose. The right of the viewer to bid separately for one block or more.