As part of its trading statement and operational update this morning, Dragon Oil made the following statement on its operations in Iraq:
The consortium (Kuwait Energy 70% and operator and Dragon Oil 30%) has secured a drilling rig from the Iraqi Drilling Company (IDC) to spud an exploration well in 1Q 2014.
The work commitment on the block within the initial five-year exploration period will include de-mining, seismic acquisition and interpretation and drilling of an exploration well.
(Source: Dragon Oil)
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