Chinese oil services provider Jereh, in a consortium with an unknown entity named “Petro-Iraq,” on 20 May signed a binding development contract with Iraq’s oil ministry for the 4.5tcf Mansuriya gas field in Diyala province. The cabinet had earlier approved the award on 30 April (MEES, 3 May).

Jereh’s 51% partner in the project, state-owned Midlands Oil, says that the firms target 100mn cfd output within 18 months, implying 3Q 2025. Reaching “peak” gas output of 300mn cfd will take “four-to-five years after contract signature” or mid-2028-29, says Midlands’ CEO Mohammed Yaseen. Expected capex is pegged at $992mn for the first three years of the contract. (CONTINUED - 175 WORDS)