East Baghdad Field is a group of oil field

Oil field

An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...

s, located east of Baghdad

Baghdad

Baghdad is the capital of Iraq, as well as the coterminous Baghdad Governorate. The population of Baghdad in 2011 is approximately 7,216,040...

, Iraq

Iraq

Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....

. East Baghdad is proven to hold 8 Goilbbl of recoverable reserve and believed to have a production potential of 400000 oilbbl/d. The oil field was discovered in 1976 and is 11 kilometres (6.8 mi) wide and 64 kilometres (39.8 mi) long.

In December 2009, despite previous negotiations with Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

's Petroleum Exploration Company, JAPEX

JAPEX

is a hydrocarbon exploration, production and transportation company. JAPEX explores and produces crude oil, natural gas and liquefied natural gas reserves worldwide. JAPEX has proven reserves of 272 million barrels in Japan and the rest of the world. Aside from operations in Hokkaido, Akita,...

, there were no bids to work on the oil field. Iraq's Ministry of Oil

Ministry of Oil (Iraq)

The Ministry of Oil is the Iraqi government agency responsible for Iraqi petroleum. The Minister of Oil since December 21, 2010 is Abdul Karim al-Luaibi.-External links:* by Michael T. Klare, The Huffington Post, July 14 2009...

will likely work the site instead.