By Simon Kent. G4S Risk Management has announced that it has won a new contract to provide security services to Basra Gas Company (BGC) for three years commencing January 2016 with a total contract value of $187 million. The exercise of a two-year extension option would bring the total value to $270 million. BGC operates […]
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Dragon Oil Make Second Basra Discovery
By John Lee. Dublin registered Dragon Oil has announced a second oil discovery at the Block 9 exploration well, 'Faihaa-1'. This is good news for the consortium who have a 30% stake in the well along with the operator, Kuwait Energy who have a 70% stake in the block, located in the northern part of Basra […]