Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. WesternZagros Resources has issued its results for the period ended September 30, 2012: At the Kurdamir-2 well, the operator, Talisman (Block K44) B.V. (“Talisman”), and WesternZagros successfully completed the first of three planned cased-hole tests in the Oligocene Formation of the Kurdamir-2 well. The test targeted 20 metres of fractured reservoir below […]
By John Lee. ShaMaran Petroleum has announce its financial and operating results for the three and nine months ended September 30, 2012. Highlights On November 7, 2012 General Exploration Partners Ltd, operator of the Atrush Block and acting on behalf of the Contractor Group under the Atrush Block Production Sharing Contract, submitted to the Atrush […]
By John Lee. Aswat al-Iraq reports that crude oil production at the al-Ahdab oil field has reached 140,000 barrels per day. According to an official statement from Wassit province, the field has 170 operational wells. The field, in central Iraq, is being developed by Chinese firm CNPC. (Source: Aswat al-Iraq)
WesternZagros Resources has announced the promotion of Michael Mossman to Senior Vice President Engineering and Operations. Simon Hatfield, WesternZagros's Chief Executive Officer, commented: "Michael's wealth of operational and management experience makes him an ideal person to lead our Kurdistan operations. His promotion strengthens our organization and I am sure he will continue to contribute to […]
By John Lee. WesternZagros Resources has successfully completed the first of three planned cased-hole tests in the Oligocene Formation of the Kurdamir-2 well in the Kurdistan Region of Iraq. Flow rates of up to 3,450 barrels per day ("bbl/d") of light oil were achieved from the 20 metre perforated interval, the deepest of the planned […]
By John Lee. Azzaman reports that the flaring of associated gas from the country’s producing oil fields, particularly in Basra, is costing the country $5 million a day. But there is good news, according to Dhia al-Mawsawi, the Director-General of South Oil Company, who said there should be no flaring of gas in Basra by […]
By John Lee. The chief executive of French energy giant Total, Christophe de Margerie (pictured), has said that it is not clear if Iraq wants the company to withdraw from the Halfaya oilfield due to its dealings in Iraqi Kurdistan. Total recently acquired a 20 percent interest in the Taza oil exploration block there from […]
Iraqi Deputy Prime Minister for Energy Hussain Shahristani speaks to Reuters about crude production in the country and the global oil market outlook. (Source: Reuters)
By John Lee. A member of the Energy Committee in Maysan Provincial Council has called on the Ministry of Oil to grant the province the right to take part in running the oil sector in the province, according to a report from AIN. Ammar Nasrallah told the news agency: "We call to apply the constitutional […]
By John Lee. Vast Exploration has announced that along with its consortium partners, Niko Resources and Groundstar Resources, it has entered into a relinquishment and termination agreement with the Kurdistan Regional Government to surrender their collective interests in the Qara Dagh Block (pictured). Vast acquired a working interest in the block under a production sharing […]
By John Lee. Reuters reports that Iraq's representative to the Arab League said that Arab states should use oil as a weapon to put pressure on the United States and Israel over the attacks on Gaza. Qais al-Azzawy told reporters in Cairo on Friday: "Iraq will invite (Arab) ministers to use the weapon of oil, […]
By John Lee. DNO International ASA, the Norwegian oil and gas company, today announced that gross production across its oil and gas portfolio has exceeded 100,000 barrels of oil equivalent (boe) per day for the first time, split two-thirds from the Kurdistan region of Iraq and the balance from Oman and Yemen. On a Company […]
