Oil Field

Men working oil

Regulation saves lives.

Iraq Signs Contracts With Foreign Oil Companies

Amid much hype and excitement, international oil companies that had been chomping at the bit for years to get into Iraq finally got their chance in 2009 when the country hosted its first post-Saddam Hussain oil field development bid rounds. After much confusion and a generally failed first bid round, the second resulted in several… Keep reading →

Azerbaijan Oil Industry

The giant Kashagan oil field located in Kazakhstan’s North Caspian Sea is one of the largest fields discovered in recent history. The field was extremely challenging to develop and its cost skyrocketed from original estimates around $60 billion to a reported $136 billion. After numerous delays, first oil was produced from Kashagan on September 11,… Keep reading →