FACTBOX: Details on bidding for Iraqi oilfields

(Reuters) - Iraq's Oil Ministry awarded seven service contracts to international oil companies to develop some of its biggest oilfields in the second bidding round since the 2003 U.S.-led invasion.

The fields could triple current production. When the deals that were awarded after the first auction in June are included, capacity could reach 12 million barrels per day (bpd) from a current 2.5 million bpd.

Here are details from the weekend's bidding:

* WEST QURNA, PHASE TWO

Russia's LUKOIL and Oslo-based Statoil won the contract for this supergiant field with reserves of 12.9 billion barrels. LUKOIL controls 85 percent of the venture, while Statoil owns 15 percent.

They proposed a remuneration fee of $1.15 per barrel and output of 1.8 million bpd, compared with the government's minimum target of 750,000 bpd.

Petronas, Pertamina of Indonesia and PetroVietnam sought $1.25 per barrel and targeted 1.2 million bpd in production. Total of France bid on its own and proposed a fee of $1.72 and output of 1.43 million bpd.

BP and China National Petroleum Company (CNPC), which won a contract to operate the Rumaila field at the first auction in June, proposed a $1.65 fee per barrel and 888,000 bpd.

After the deal is ratified, LUKOIL and Statoil must pay a non-refundable signature bonus of $150 million, according to a protocol for the tender. They are also required to invest a minimum of $250 million.

* MAJNOON

Royal Dutch Shell, Europe's biggest oil company, owns 60 percent and Malaysia's Petronas owns the rest of the venture that won a contract for this supergiant field in southern Iraq.

The companies proposed a remuneration fee of $1.39 per barrel and a plateau production target of 1.8 million bpd. Majnoon currently produces 45,900 bpd of oil.

Total and CNPC offered the only other bid: $1.75 per barrel and an output target of 1.405 million bpd.

The Oil Ministry's minimum plateau production target was 700,000 bpd. Shell and Petronas will pay $150 million once the deal is ratified, and the agreement also requires them to invest a minimum of $300 million.

* HALFAYA

CNPC owns half of the venture, while Petronas and Total each hold 25 percent stakes, that won this field with 4.1 billion barrels of reserves. They proposed a fee of $1.40 per barrel and plateau production of 535,000 bpd from a current 3,100 bpd.

The government put the minimum output at 300,000 bpd.

LUKOIL and Statoil offered a fee of $1.53 per barrel and a target of 600,000 bpd.

India's ONGC led a consortium with TPAO, Turkey's state-run petroleum company, and Oil India that proposed a fee of $1.76 per barrel and production of 550,000 bpd.

A fourth bid came from a group led by Italy's Eni that said it would take $12.90 per barrel and produce 400,000 bpd. Eni's partners were South Korea's KOGAS, U.S.-based Occidental, Sonangol of Angola and China's

CNOOC.

Halfaya's non-recoverable signature bonus is $150 million, and the minimum expenditure obligation is $200 million.

* GHARAF

Petronas and Japan Petroleum Exploration Co (Japex) won the rights to operate this field, which has 900 million barrels in reserves, by proposing a per-barrel fee of $1.49 and production of 230,000 bpd.

The minimum output target was 150,000 bpd.

A venture including the Kazakh KazMunaiGas, Kogas and Italy's Edison offered a fee of $2.55 per barrel and targeted production of 185,000 bpd. TPAO and ONGC offered $2.76 and 200,000 bpd. A fourth bid came from Pertamina, which proposed a $7.50 per-barrel fee and 150,000 bpd of output.

Petronas and Japex will pay a $100 million signature bonus and invest at least $150 million.

* BADRAH

Russia's Gazprom, the world's biggest supplier of natural gas, led the consortium that submitted the only offer for Badrah, with reserves of 100 million barrels.

The group offered a $6 remuneration fee per barrel, which it agreed to lower to $5.50, the maximum Iraq would pay.

The production target is 170,000 bpd, compared with the government's minimum 80,000 bpd.

Gazprom owns 40 percent of the venture, Kogas holds a 30 percent stake, Petronas owns 20 percent and TPAO owns 10 percent. The signature bonus and the minimum investment requirement are both $100 million.

* QAYARA

Sonangol, Angola's state petroleum company, made the only offer for this field, proposing a remuneration fee of $12.50 per barrel. It later agreed to lower that to $5, the maximum the government would pay.

Sonangol's production plans are the same as the government's minimum target of 120,000 bpd. The signature bonus is $100 million, and the minimum expenditure required is $150 million.

* NAJMAH

Sonangol was again the lone bidder for this nearby field. It initially proposed a per-barrel fee of $8.50, which it lowered to $6, and output of 110,000 bpd, matching the ministry's minimum target. The signature bonus is $100 million, as is the minimum investment for the field.

* EAST BAGHDAD, EASTERN FIELDS, MIDDLE FURAT

No bids were received at the auction for these fields.

East Baghdad is a supergiant with reserves of 8.1 billion barrels. It currently yields 10,300 bpd, and the ministry is seeking minimum plateau production of 250,000 bpd.

The signature bonus is $150 million, as is the minimum investment requirement.

The Eastern Fields are comprised of Khashm al-Ahmar, Naudoman, Gulabat and Qamar, which have combined estimated reserves of 300 million barrels. The minimum production requirement is 80,000 bpd.

The signature bonus is $100 million and the minimum expenditure obligation is $150 million.

Middle Furat is a cluster of three fields with reserves of 600 million barrels. The output must be at least 75,000 bpd, according to the tender protocol. The signature bonus is $100 million, as is the minimum investment.

(Compiled by Ayla Jean Yackley)