IRAQ

PETROLEUM
OPPORTUNITIES

Executive Summary

Muthanna Province
 OPEC country with oil reserves of +140 billion bbls (the world’s 3rd
largest), Producing +3 million bopd since the 2003 war), Sectarian
violence being addressed by a Global Coalition, New Minister open
door for Province autonomy and direct PSC negotiation

 The country offers an extremely attractive geology: there are 526

identified Geological Structures in Iraq and only over 100 have been
drilled, with a success rate of 70-80%.

 Giant proven oil fields, Proposed PSC terms similar to existing KRG
contracts, Provincial Government prepared to proceed, Project
management company to pay future capital costs for cost oil and
20% profit oil, IOC prepared to joint venture

 Iraqi law defines heavy oil as API gravity <25

All heavy oil falls under the mining law, for which the provinces
have complete jurisdiction. Maysan Province

 Management Team: +100 years international oil and gas experience,

Strong In country support, Responsible for the signing of the first
PSC in Iraq’s modern history

 Wasit: Discovery International Inc. signed a Memorandum of Under-

standing (MOU) for the development of heavy oil in the Province.
Blocks A,B,C are available.
 Basra : Prior to even setting off on this venture, our main interest
laid in the Province of Basra which is expected to hold the bulk of
the reserves of Iraq's estimated 200 billion barrels. Blocks A,B,C,D,E
are available.
 Ninawa : The nature of the oil in this Province is mostly heavy,
allowing for a considerable number of opportunities in the Province.
 Muthanna: Blocks A,B,C,D
are available.
 Maysan: Blocks E,F,G,H
Wasit Province Basra Province
are available.

Contact Us

Give us a call for more infor-

mation about our Opportunities
Discovery International Inc.

710 Wilshire Blvd. #Pent. Santa

Monica, CA 90401, (310) 531-
7600
wd @ d i s c o ve r yi n t e r n a t i o n a
l i n c . c o m Visit us on the web at Persian Gulf

discoveryinternationalinc.com