Dragon Oil Completes Environmental Assessment

By John Lee.

In a Trading Statement on Tuesday, Dragon Oil gave the following update on its operations in Iraq:

In Iraq, the consortium of Dragon Oil (30%) and Kuwait Energy Corporation (70% and operator) is drilling an exploration well.

The well is targeting two prospective reservoirs, which, in case of a discovery, are expected to be tested in 2H 2014.

Concurrently, the consortium has completed an environmental impact assessment and environmental baseline studies, as part of the consortium's contractual obligations, in preparation for de-mining work and seismic acquisition.

De-mining activities commenced in early June 2014. 3D seismic acquisition activities are planned for 1H 2015.

(Source: Dragon Oil)

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