LUKoil Starts Drilling at West Qurna-2

Russia's RIA Novosti reports that the country's largest private oil firm, LUKoil, has started exploration drilling on the giant West Qurna-2 oilfield in Iraq.

Company head Vagit Alekperov said on Tuesday, "we have launched drilling, well borers are already there".

In 2009, a consortium comsisting of LUKoil and Norway's Statoil won a tender to develop one of the world's largest oilfields West Qurna-2, whose recoverable reserves are estimated at 12.9 billion barrels of oil.

(Source: RIA Novosti)

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