By John Lee. The China Machinery Engineering Corporation (CMEC) has announced that it been awarded the contract to build the Harir cement plant in Erbil. According to a stock exchange filing, the contract is valued at approximately $210 million, and the project is expected to be completed within 30 months. (Source: CMEC)
By John Lee. Total and Marathon Oil have confirmed a discovery of light oil and gas with condensates at the Harir Block, 60 kilometers from the city of Erbil. The Jisik-1 discovery well was drilled to a depth of 4,511 meters and encountered light oil and gas with condensates intervals in Jurassic and Triassic carbonate reservoirs. […]
By John Lee. Marathon Oil Corporation has announced that the Mirawa-1 exploration well has discovered multiple stacked oil and natural gas producing zones on the Company's operated Harir Block in the Kurdistan Region of Iraq. Located approximately 40 miles northeast of Erbil, the Mirawa-1 well was drilled to a total depth of approximately 14,000 feet. […]
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 […]
By John Lee. Following months of speculation, France's Total has announced the completion of an acquisition of 35% interest in two exploration blocks in Iraqi Kurdistan. In a brief statement, the company said: "Total ... announced the signature of a Farm-in Agreement in two exploration blocks in Kurdistan Region of Iraq. "Total has completed an […]
The KRG's minister of electricity, Yassen Shekh Abubakir Mawati [Yasin Sheikh Abu Bakir Muhammad Mawati] (pictured), has announced the creation of five hydro-electric and gas power plants in the region: Three hydro-electric power plants at Deraluk-Rashawa Dam, Mandawa-Kopala and Taqtaq; Two gas power plants with 200-megawatt capacity each in Qaladze and Harir. (Source: AKnews)
Marathon Oil Corporation (NYSE: MRO) announced on Wednesday that it has acquired a position in four exploration blocks in the Kurdistan Region of Iraq. The Company has signed production sharing contracts (PSCs) for operatorship and an 80 percent ownership in two open blocks northeast of Erbil - Harir and Safen. The Kurdistan Regional Government will […]
