Iraq is postponing a bidding round for 12 small- and medium-sized oil fields, a report said.

“Following to the previous Ministry of Oil Announcement dated October 23 concerning its intention to lunch a Project for the development and production for number of medium and small oil fields that exist in governorate of Basra, Missan and Middle of Iraq,” Iraq Business News quoted a statement from  the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD)

“Ministry of Oil announces that there are essential changes in the previous announcement, where some of the fields mentioned in the said announcement will be developed by the national efforts of Ministry of Oil, in addition to new fields will be added to this Project.

“Therefore, Ministry of Oil will iterate its announcement of this project by mid-2017.“
The ministry had pre-qualified 19 international bidders to develop the fields, the report added.