FACTBOX-Fees, output targets agreed in Iraq's oil auctions

Dec 12 (Reuters) - Iraq has awarded international companies
with contracts to develop 10 of its oilfields after conducting
two rounds of bidding in its first oil auctions since the 2003
U.S invasion.
The 20-year service contracts pay oil companies set fees for
each barrel of oil produced.

The combined plateau production targets for all contracts in
the pipeline is 11.14 million barrels per day (bpd). Current
Iraqi oil production is around 2.5 million bpd.

Below are details on terms agreed to for the fields offered
in both rounds.

ROUND 1
FIELD WINNERS FEE/BBL PLATEAU (bpd)
Rumaila BP, CNPC $2.00 2.850 mln
Zubair Eni, Occidental, Kogas $2.00 1.200 mln
W.Qurna P1 Exxon Mobil, Shell $1.90 2.325 mln

ROUND 2
FIELD WINNERS FEE/BBL PLATEAU (bpd)
Majnoon Shell, Petronas $1.39 1.800 mln
W.Qurna P2 Lukoil, Statoil $1.15 1.800 mln
Halfaya CNPC, Petronas, Total $1.40 535,000
Gharaf Petronas, Japex $1.49 230,000
Qayara Sonangol $5.00 120,000
Badrah Gazprom,Kogas,Petronas,TPAO $5.50 170,000
Najmah Sonangol $6.00 110,000
(Compiled by Ayla Jean Yackley; Editing by Michael Christie and
Victoria Main)