Inpex Operations in Iraq

=History=

In 2008 Inpex was included on the list of 35 countries which pre-qualified for the country's first licensing round the following year. In 2010 Inpex was part of a consortium of Japanese firms which were negotiating a deal with the state-owned South Oil Company for the development of the Nasiriyah field. However the talks failed to reach a conclusion.

=Activities and Contracts=

Block 10
In Iraq's fourth licensing round in 2012, Inpex signed a deal to explore an area covering the regions of Muthanna and Dhi Qar in Southern Iraq. Their partner in the deal was Russian Lukoil and together the two firms must invest at least $100 million to explore a 5,500 square-kilometre block, under the terms of the contract. The agreed remuneration fee was $5.99 per barrel.

=References=