Chevron suspends Kurdistan activity
Kurdistan Region of Iraq A company spokesperson said the US major was in contact with the Kurdistan Regional Government and aimed to resume activity as soon as possible.
In September 2017, sources told Reuters the company had drilled its first well in the Kurdistan Region since H2 2015. The well was drilled in the Sarta block, where the company holds an 80% interest. A company spokesperson confirmed activity was continuing in the Kurdistan Region at the time.
Chevron has been working in Iraq for more than a decade. In 2012, the US major acquired 80% operating interests in two PSCs in the Rovi and Sarta blocks of the Kurdistan Region.
Meanwhile, Genel Energy said on Wednesday that its operations at the Kurdistan Region’s largest oil assets, the Taq Taq and Tawke fields, were continuing undisrupted.
Recent Posts
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More