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Description
This book contains my articles from 2010. I have tried to examine some of the technical problems in the current oil and gas industry in Iraq. In the geology/geophysics and reservoir engineering section, I used the available information and in some cases, I estimate to fill the gap in the existing data.
International contracts usually differ from case to case or from field to field; in Iraq, TSC and PSC still have unclear contract conditions and public information is not enough for the detailed calculation needed for exact NPV and IRR. Additional concerns are the cost estimation down structure and geopolitical strategies of Iraq.
The management of the existing oil and gas institutions in Iraq is one of the most urgent problems the country is facing. The restructuring of companies and the Ministry of Oil is generally addressed in my articles. I have also illustrated many possibilities for the restructuring and reorganization of the development of managerial and marketing systems.
In the rebuilding of the country, and specially, the oil and gas industry in Iraq, there needs to be more investigation into how to optimize the exploitation of natural resources for better economic benefits for all parties (the owner of the resources as well as International oil companies). The close cooperation between the Ministry of Oil in Iraq and the IOC s and state oil should be open for reorganization and restructuring in order to benefit the entire country and to develop the process of integration in international markets. Dr. Muhammed A. Mazeel has worked for many years in the international sector of the oil and gas industry in several countries. He studied at the Faculty of Mining and Geology-Department of Petroleum engineering of the University of Belgrade (Diploma in Engineering), the Escuela Superior de Minas in Madrid, Spain (Credit in Applied Geophysics Engineering) and the University of Clausthal-Zellerfeld in Germany. He was awarded a PhD in Petroleum Engineering by the Technical University of Clausthal. He is working on another PhD in Petroleum Economics. After completing his PhD, he started working as Petroleum, Drilling, Production and Reservoir Engineer, focusing on issues like Fiscal Regimes, World Oil and Gas Field Developments, Investment, Cost Estimation, Energy Politics and Laws. Dr Mazeel has been employed in many European companies as a Senior Petroleum Engineer; He has also worked as Director General of the Iraqi Drilling Company (IDC) and Director General for the Oil Products Distribution Company (OPDC). At the same time, he was the oil industry adviser to the Iraqi Prime Minister Dr Ibrahim Al-Jaafari. He is the Author of many papers on petroleum engineering for the Society of Petroleum Engineers (SPE), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the German Oil-Gas Coal Magazine (EEZ).
