An MoU between the super-major and Iraq’s Ministry of Oil stipulates that output should rise to more than 700,000 bopd, The National reported, though no timeframe and no financial details for the agreement were immediately available.
The Iraqi government captured the field by force, alongside the eponymous nearby metropolis, from the Kurdistan Regional Government in October, following a Kurdish independence referendum weeks earlier.
Malaysia’s Petronas, one of the stakeholders in the field, is expected to exit by June, the report added.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.