After having a tender, Gazprom Neft has selected Schlumberger to drill the initial wells in the Badra oil deposit development project in Iraq. Upon signing the Badra contract that will last for three-years. On 9 June, Gazprom Neft, as the project operator, acquired approval to sign a contract with Schlumberger from Iraq’s state-owned North Oil [...]
The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) is performing its first recorded survey of regional oil and gas reserves to be utilized in conjunction with Iraqi federal authorities for reporting of countrywide reserves. In its capacity as operator of three licenses in Kurdistan, DNO International ASA is expected urgently to submit [...]
Several international companies have submitted documents to the Iraq oil ministry to qualify them to take part in the country’s fourth Iraq oil and gas licensing auction scheduled for January 2012, one document and persons close to the ministry said Thursday. According to people who saw a recent document issued by the Iraqi oil ministry, [...]
Iraq, holder of the world’s fifth- largest crude oil reserves, is pumping more than 2.8 million barrels a day after production started at the Al-Ahdab oil field, Iraq Oil Minister Abdul Kareem al-Luaibi said. State-run China National Petroleum Corp. won a $3.5 billion development contract for Al-Ahdab in November 2008 bidding for Iraq Oil License. [...]
Oil company, Sterling Energy, says it will abandon an oil well in Kurdistan after it was disappointed with the flow.