Tag Archives | Oil & Gas

The latest oil and gas news from Iraq – refineries, production and more – brought to you by Iraq Business News

Petrofac Results and Operational Update

By John Lee. In its final results announcement this morning, Petrofac gave the following update on its operations in Iraq: Maintenance services, Iraq In August 2013, we were awarded a second contract by Gazprom Neft Badra B.V. (Gazprom) on the Badra oil field, situated 160 kilometres southeast of Baghdad. Worth US$95 million over three years, […]

Baghdad and Erbil Reach Agreement On Oil

The central government of Iraq has agreed to pay the oil companies operating in Kurdistan, the northern, semi-autonomous region of Iraq, and to raise oil production to 200,000 barrels per day. The official Iraqiya TV station announced on Thursday that “A meeting was held between the two Governments to settle the pending issues between both […]

Siemens Wins $129m Contract To Supply Gas Turbines And Generators

Siemens will supply Khormala gas turbine power plant in northern Iraq with four SGT5-2000E gas turbines and four SGen5-100A generators along with the associated auxiliary and ancillary systems. The customer is the KAR Construction and Engineering Company Ltd., which is erecting the Khormala plant for the independent power producer KAR Group headquartered in the city […]

ShaMaran Announces Atrush-2 Well Tests Over 42,200bpd

ShaMaran Petroleum Corp has announced results of the Atrush-2 appraisal well (AT-2) drilled 3.1 kilometres to the east and downdip of the Atrush-1 discovery well in the Kurdistan Region of Iraq. The AT-2 well was spudded on 23rd May 2012 and successfully reached the planned total depth of 1750 meters in 49 days. The well […]

Gulf Keystone Half-Year Report To June 2012

Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, today announces its results for the six months ended 30 June 2012. HIGHLIGHTS Operational – to 30 June 2012 and post period end Shaikan (75% working interest; Operator) [Shaikan-2 is pictured.] · 83% increase in gross […]

Afren Begins Drilling Simrit-3 Well

Afren, one of the 250 biggest companies listed on the London Stock Exchange, in conjunction with operator Hunt Oil, has commenced exploration drilling at the East Simrit prospect located on the Ain Sifni PSC in the Kurdistan region of Iraq. The Simrit-3 well is located approximately 10 km east of the successful Simrit-2 discovery well, […]

WesternZagros Resources Provides Operational Update

WesternZagros Resources Ltd. (TSX VENTURE:WZR) (“WesternZagros” or “the Company”) is pleased to provide an operational update for its Kurdamir and Garmian Blocks and a corporate update. KURDAMIR BLOCK Kurdamir-2 Exploration Well Testing of three separate intervals within the approximate 500 metres of gross pay in the Cretaceous reservoir commenced on July 28, 2012. However, the […]

Baghdad Seeks To Get A Grip On Oil Deals

As senior politicians in Baghdad get more enraged about oil majors circumventing them to make “illegal” oil deals with Kurdistan in the north of the country, Iraqi newspaper Azzaman believes the oil majors have finally got the message, or have at least started to take it seriously. Just 50 companies have attended an oil expo […]

DNO International Finds Oil At Benenan-3

Oslo-based DNO International has struck more recoverable oil in the northern Kurdistan region of Iraq. The find is at its Benenan-3 well at around 2,000 meters. The company is investigating the discovery further. The find adds to its wells in the Tawke fields, one of which is set to spud in October, which will help […]

Iraq to Export Liquified Gas by End-2013

Iraq’s Oil Ministry spokesman, Assem Jihad, said he expects that liquidified gas will be exported from Iraq by the end of next year. Acccording to a report from Aswat al-Iraq, the spokesman pointed out that dry gas will be exported by 2017, and said Shell confirmed that Iraq is burning about 700 million cubic feet […]