Tag Archives | Maersk Oil

GKP Confirms Maersk Exec as New CEO

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that it is in the process of appointing Jón Ferrier as CEO. Following a brief transition period, John Gerstenlauer will retire as CEO and, at the forthcoming Annual General Meeting, as a Director of the Company. A further announcement will be made in due course. Jón […]

Maersk Oil Back in Iraq

By John Lee. Denmark's Maersk Oil is re-starting its operations in Iraqi Kurdistan, having pulled out in August due to the threat posed by the Islamic State (IS). Company boss Jakob Thomasen (pictured) told Børsen: “It’s obvious that the things that have happened over the summer haven’t been pleasant to witness for Maersk Oil, a […]

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 […]