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An IBBC, is about the size of a microscope slide and is made out of a glass substrate covered with silicone rubber.
In order to perform the assay, a drop of blood is added to the IBBC's inlet, and then a slight pressure is applied, which forces the blood through a channel.
Under an IBBC for the northern fields, the capacity of Rawdhatain should be boosted to 550,000 b/d in three-four years of development work.
Conceding a key demand over Project Kuwait, a much-delayed upstream initiative, the government will allow the National Assembly (parliament) to approve each of its related IBBC. However, a number of problems could delay the project even further.
Under an IBBC for the northern fields, the production capacity of Raudhatain should be boosted to 550,000 b/d within three to four year of development work.
The IBBC Offer: A committee of senior executives from the Oil Ministry and KPC has worked out a 20/25-year "incentivised buy-back contract" (IBBC) with the help of Coopers & Lybrand.
The foreign company, or group, must lift the crude oil output of the fields it has developed on commercial terms and during the IBBC period.
A 20/25-year "incentivised buy-back contract" (IBBC) was worked out with the help of Coopers & Lybrand and was approved by the SPC (see Gas Market Trends No.
KPC wants to have Raudhatain and Sabriya developed by foreign companies under the new IBBC. BP and ExxonMobil are among the majors waiting to bid for the project.
The IBBC is the closest alternative to a PSA as Kuwait's constitution and most of National Assembly (parliament) members do not allow production sharing deals or concessions.
KPC wants to have Raudhatain and Sabriya developed by foreign companies under a single IBBC. BP and ExxonMobil are among the majors waiting to bid for the project.
The world's biggest oil companies have received copies of the draft IBBC and should send their proposals to KOC.
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- Ibarra, Francisco de
- Ibárruri Dolores
- Ibarruri, Dolores
- Ibárruri, Dolores
- Ibberson Conservation Area
- Ibberson State Park
- Ibbetson, Peter
- Ibbotson & Associates
- Ibbotson and Associates