Tag Archives | Sarsang

Rosneft to start work in Duhok

By John Lee. Rosneft has reportedly sent a delegation to Duhok to discuss starting work on three oilfields next month. According to the report from Rudaw, the state-controlled Russian company will work at three locations: Batle, Zawita, and in Sarsang and Chamanke in Amedi. It is expected to extract 180,000 barrels of oil per day. In […]

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Swara Tika Discovery Declared Commercial

HKN Energy Ltd. (HKN) has announced that it has notified the Kurdistan Regional Government of Iraq (KRG) that the Swara Tika discovery is a “Commercial Discovery” pursuant to the terms of the Sarsang Production Sharing Contract. HKN, as operator of the Sarsang Block, has drilled two wells on the Swara Tika structure. The Swara Tika-1 […]

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Maersk Announces Deal for 2 Exploration Blocks

The Kurdistan Regional Government has approved Maersk Oil’s acquisition of a 40% non-operating interest in the Piramagrun and Qala Dze Production Sharing Contracts from Repsol Oriente Medio S.A. Repsol will continue to operate exploration activities and also hold a 40% interest. The Kurdistan Regional Government will hold the remaining 20% share of each block. The […]

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KRG Clarifies Incident at HKN Energy Block

By John Lee. The Kurdistan Regional Government has denied that an incident involving HKN Energy in the Kurdish region of Iraq was related to security issues, and said it was instead tied to a labour dispute. In a statement, the KRG also denied media reports that about 120 oil workers were held hostage: “The Kurdistan […]

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Maersk Oil Buys 20% of HKN Energy

Maersk Oil, a fully-owned subsidiary of the A.P. Moller – Maersk Group, has acquired a 20% shareholding in HKN Energy Ltd., a subsidiary of U.S.-based Hillwood International Energy, whose sole asset is a licence in Kurdistan Region. The acquisition is a step into the prolific but as yet underdeveloped area of Kurdistan in oil output […]

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Marathon Acquires Positions in 4 Exploration Blocks in Kurdistan

Marathon Oil Corporation (NYSE: MRO) announced on Wednesday that it has acquired a position in four exploration blocks in the Kurdistan Region of Iraq. The Company has signed production sharing contracts (PSCs) for operatorship and an 80 percent ownership in two open blocks northeast of Erbil – Harir and Safen. The Kurdistan Regional Government will […]

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