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Exxon seen ahead in bids for Iraqi W.Qurna oilfield

Fri Oct 16, 2009 5:19am EDT

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ISTANBUL, Oct 16 (Reuters) - A group led by U.S. oil major Exxon Mobil (XOM.N) is the frontrunner among bidders to develop Iraq's West Qurna oilfield, one of several fields that failed to clinch a development deal in Iraq's June auction of contracts.

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Sabah Abdul Kadhim of Iraq's Petroleum Contract and Licensing Directorate told Reuters on Friday Exxon's bid to boost West Qurna phase one's long-term production to 2.1 million barrels per day (bpd) put it ahead of rival LUKOIL (LKOH.MM), which had proposed a target of 1.5 million bpd.

Exxon is bidding with Royal Dutch Shell (RDSa.L) for the West Qurna contract, while LUKOIL is working with ConocoPhillips (COP.N). (Reporting by Ayla Jean Yackley; writing by Mohammed Abbas; Editing by Sue Thomas)

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