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Projects Monitor 
Covering major construction projects in the Middle East
» Back to Projects Home
 Updated: 10Apr12
 
Kuwait Energy Company/TPAO - Siba Gas Field
Country : Iraq
Project Value : N/A
Sector : Oil and Gas | Exploration & Production
Profile Type :  Standalone Project
Phase:
Planning
Completion: 2016
 
 
Owner : Consortium of Kuwait Energy Company and Turkish Petroleum Corporation
Shareholders : Turkish Petroleum Corporation - Turkey - 40.00 %
 Kuwait Energy Company - Kuwait - 60.00 %
Location :
Al Basra, Iraq
Contract Type : Construction
Facility Type : Gas field development
Capacity : 100 million cu.ft./d of gas
Background The consortium of Kuwait Energy CompanyKuwait Energy CompanyLoading... and Turkish Petroleum Corporation plans to develop Siba gas field in the Southern oil hub of Basra.

The project aims at producing 100 million cu.ft/d of gas from the field.
Expected Events
Schedule Contract Phase/Phase Description
Jun 2012 PlanningSouth Oil Company expected to approve the Siba interim work program, budget and preliminary field development plan and schedule expected to be revealed
2016 CompletionProject expected to be completed
Latest Events In February 2012, Kuwait Energy was still discussing the contractual agreements of the Siba interim work program, budget and preliminary field development plan with South Oil CompanySouth Oil CompanyLoading....

In Q2 2012, South Oil CompanySouth Oil CompanyLoading... is expected to approve the Siba interim work program, budget and preliminary field development plan and the schedule is expected to be revealed.

In 2016, the project is expected to be completed.
Previous Events On 5 June 2011, the official development contract was signed between the Iraqi Oil MinistryIraqi Oil MinistryLoading... and the Consortium of Kuwait Energy CompanyKuwait Energy CompanyLoading... and TPAO.

In March 2011, the consortium of Kuwait Energy CompanyKuwait Energy CompanyLoading... and TPAO was in further negotiations with the Iraqi Oil MinistryIraqi Oil MinistryLoading... regarding the final contract.

On 20 October 2010, the Consortium of Kuwait Energy CompanyKuwait Energy CompanyLoading... and TPAO was awarded the rights to develop the gas field. Kuwait Energy CompanyKuwait Energy CompanyLoading... is leading the consortium.
Scope of Work Development of the Siba gas field.
Project News
06-Jun-2011 Iraq finalizes 2 promising gas deals with TPAO, KOGAS - The Daily Star

Project Schedule

ScheduleContract Phase/PhaseDescription
20 Oct 2010 BOOContract awarded to the consortium of Kuwait Energy CompanyKuwait Energy CompanyLoading... and TPAO
05 Jun 2011 BOOContract officially signed between Iraq's Oil Ministry and the consortium of Kuwait Energy CompanyKuwait Energy CompanyLoading... and TPAO
Jun 2012 PlanningSouth Oil CompanySouth Oil CompanyLoading... expected to approve the Siba interim work program, budget and preliminary field development plan and schedule expected to be revealed
2016 CompletionProject expected to be completed

Project News

06-Jun-2011 Iraq finalizes 2 promising gas deals with TPAO, KOGAS - The Daily Star
 
Consortium of Kuwait Energy Company and Turkish Petroleum Corporation
Owner 
Kuwait Energy Company
Laila Tower , 13th floor, Salem Mubarak St, Salmiya Kuwait P.O Box 5614, Salmiya 22067
Tel: +965 2-575-5657 | Fax: +965 2-575-5679 | Website: www.kuwaitenergy.com.kw
Turkish Petroleum Corporation
Mahallesi 2180. Cad. No : 86 06100 Cankaya/ANKARA
Tel: +90 312-207-2000 | Fax: +90 312-286-9000 | Email: tpaocc@petrol.tpao.gov.tr | Website: www.tpao.gov.tr
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