Official: Exxon is ahead of other bidders for Iraqi oilfield contract

10/16/2009 | Reuters

An ExxonMobil-led consortium leads all bidders for the development of the West Qurna oilfield in Iraq, an official said. The company's offer to increase West Qurna phase one's long-term output to 2.1 million barrels a day placed it in front of rival Lukoil, which bid a target of 1.5 million barrels per day. Exxon is working with Royal Dutch Shell for the contract, while Lukoil is bidding with ConocoPhillips.

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