Tag Archives | Block 12

Rosneft Discovers Oil at Block 12

By John Lee. Bashneft, a subsidiary of Russia’s Rosneft, has found oil at its Salman-1 exploratory well at Block 12 in Iraq. In a statement, the company said that an exploration well was successfully drilled to depth 4,277 metres; oil was found, “which gives grounds for expecting the discovery of industrial reserves“. Rosneft said it […]

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Premier Oil has “Successfully Exited” its Position in Iraq

By John Lee. Premier Oil has announced that it has “successfully exited” its position in Iraq. The company was awarded a 40-percent stake in the Block 12 concession in 2012, but said in December 2015 that it would assign its participating interest to the operator, Russia’s Bashneft, which was subsequently acquired by Rosneft. (Source: Premier […]

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Rosneft Starts Drilling at Block 12

Russia’s Rosneft group has started drilling its first exploration well at Block 12 in Iraq. The Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine target horizon to be followed by further testing of five prospective targets. The Company plans to complete drilling in July 2017. Company of Rosneft […]

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Bashneft Completes Surveys at Block 12

Russia’s Bashneft has completed field seismic surveys at Block 12 as part of the geological exploration programme approved by the Iraqi Ministry of Oil. The Oil Exploration Company, an Iraqi company specializing in geological and geophysical exploration, which won the open tender in the spring of 2014, has been employed as a contractor to conduct […]

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Premier Oil to Drill Block 12 in 2016/17

By John Lee. In its half-yearly results, Premier Oil gave the following update on its operations in Iraq: “In Iraq, work continues onshore Block 12, in which Premier was awarded a non-operated 30 per cent interest in November 2012. Block 12 is an 8,000 square kilometre block in the foreland of the Zagros fold belt, […]

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Cabinet Approves 3 Energy Deals, Delays 1

By John Lee. Iraq’s cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet approved an initial gas exploration contract with Pakistan Petroleum for gas Block 8, another deal led by Russia’s Lukoil along with Inpex of Japan […]

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Premier Oil to join Bashneft in Oil Block 12

By John Lee. Britain’s Premier Oil is teaming up with Russia’s Bashneft to develop Iraq’s oil exploration block 12. In an update to the markets on Thursday, Premier said: “Subject to ongoing discussions with the authorities in Iraq, Premier has agreed to join Bashneft on Block 12, an 8,000 km2 block in the underexplored Salman […]

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Russia’s Bashneft wins Iraqi Energy Contract

Russian oil giant Bashneft has been award the rights to explore for oil in the south of the country after nearly one month of negotiations, a senior Baghdad official said on Sunday, according to a report from Bloomberg. This brings the total number of Russian companies with oil deals in Iraq to three. During Iraq’s […]

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