Tag Archives | HKN Energy

KRG files Civil suit against Baghdad Minister of Oil

By John Lee. The Minister of Natural Resources of the Kurdistan Regional Government (KRG) has filed a civil suit against the Baghdad Minister of Oil, accusing him of sending emails and letters with the intention of intimidating international oil companies (IOCs) and interfering with the contractual rights of the IOCs and the KRG. The KRG […]

HKN Energy creates 450 Jobs in Kurdistan Region

By John Lee. The US Consul General in Erbil has praised the Dallas-based HKN Energy for directly creating 450 jobs in the Kurdistan Region. Robert Palladino made the comments during a visit to the company's facility in Chamanke. Click here to read the full article. (Source: Kurdistan 24)

Swara Tika Discovery Declared Commercial

HKN Energy Ltd. (HKN) has announced that it has notified the Kurdistan Regional Government of Iraq (KRG) that the Swara Tika discovery is a “Commercial Discovery” pursuant to the terms of the Sarsang Production Sharing Contract. HKN, as operator of the Sarsang Block, has drilled two wells on the Swara Tika structure. The Swara Tika-1 […]

Maersk Announces Deal for 2 Exploration Blocks

The Kurdistan Regional Government has approved Maersk Oil’s acquisition of a 40% non-operating interest in the Piramagrun and Qala Dze Production Sharing Contracts from Repsol Oriente Medio S.A. Repsol will continue to operate exploration activities and also hold a 40% interest. The Kurdistan Regional Government will hold the remaining 20% share of each block. The […]

KRG Clarifies Incident at HKN Energy Block

By John Lee. The Kurdistan Regional Government has denied that an incident involving HKN Energy in the Kurdish region of Iraq was related to security issues, and said it was instead tied to a labour dispute. In a statement, the KRG also denied media reports that about 120 oil workers were held hostage: "The Kurdistan […]