Tag Archives | exploration

Sanctioned Russian Firm may Develop Iraq’s Block 17

By John Lee. Russia’s Stroytransgaz has signed a preliminary contract for the exploration, development and production of Block 17, in Anbar province. At a signing ceremony in Wednesday, Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban said that preliminary studies and information indicate the existence of oil reserves ranging between 2 […]

Rosneft plans Geological Survey in Kurdistan in 2019

By John Lee. Russia’s Rosneft will reportedly conduct geological exploration in Iraqi Kurdistan this year. CEO Igor Sechin (pictured) is quoted as telling the annual general meeting: “The company continues to implement the project to develop fields in Iraqi Kurdistan in the Middle East, where a geological exploration program is scheduled for this year to […]

“Good Quality” Oil Bearing Reservoirs found at Taq Taq

Genel Energy has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been completed as a producer after successfully encountering oil bearing Cretaceous reservoirs. The well, which was drilled to a measured depth […]

New Oil & Gas Blocks to be offered

By John Lee. Iraq has invited international oil companies (IOCs) to bid for contracts to explore and develop nine new oil and gas blocks. The blocks are along the borders with Iran and Kuwait, with one located in the territorial waters. According to Reuters, the bidding terms will be finalised by the end of May, […]

Important Oil Projects — Dubious, Non-Transparent Contracts

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Developing Border Oilields and Utilizing Associated Natural Gas: Important Projects, Dubious and Non-Transparent Contracts Information from and about the Ministry of Oil has been published and circulated extensively, in the last few […]

New Oil Exploration Blocks Announced

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] (pictured) has announced exploration and rehabilitation projects for nine exploration blocks in Iraq. These include the onshore exploration blocks of Khudher Al-Mai, Jebel Sanam (Jabal Sanam) and Umm-Qasr on the Kuwaiti border; the Sindbad, Huwaiza, Shihabi, Zurbatia and Naft Khana blocks on the Iranian border; and […]

Iraq plans Offshore Oil and Gas Exploration

By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has directed the Iraqi Oil Exploration Company (OEC) to start exploring Iraq’s coastal waters for new oil and gas reserves. Addressing an OEC conference, the Minister also emphasised the need to focus on areas bordering neighbouring countries. Iraq recently declared an additional 10 billion barrels […]

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 […]

KRG to offer 20 Oil Blocks in new Licensing Round

By Padraig O’Hannelly. The Kurdistan Regional Government’s Minister of Natural Resources, Dr Ashti Hawrami, has announced that 20 new and redrawn oil blocks will become available for bidding in 2017. Speaking at this week’s Kurdistan-Iraq Oil & Gas Conference in London, arranged by CWC Group, the Minister said that contract terms “will continue to be […]

Exxon Pulls Out of 3 Blocks in Kurdistan

By John Lee. ExxonMobil has reportedly pulled out of three of the six exploration blocks it operated in Iraqi Kurdistan. According to Iraq Oil Report, it has abandoned the Qara Hanjeer, Arbat East, and Betwata blocks, while retaining 80 percent stakes in the Al Qosh, Pirmam and Bashiqa blocks. KRG’s Minister of Natural Resources, Ashti […]

KRG Seeks Investors for Mining Opportunities

The Ministry of Natural Resources (MNR) of the Kurdistan Regional Government-Iraq (KRG) invites expressions of interest from qualified international mining companies for the ‘Mineral Exploration & Investment in the Kurdistan Region-Iraq’. According to the available data, historical reports, and recent investigations, the MNR has identified 7 prospective blocks for investment. All 7 blocks are believed […]

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 […]