By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Zhenhua Oil (EBS Petroleum) for seismic survey work at the Abu Khema block in Muthanna province, covering the Annexe to Licensing Round Five and Licensing Round Six. The contract was signed on Wednesday in the presence of Minister […]
By John Lee. A development contract for the Hamrin oil field has been signed between North Oil Company (NOC) and US-based HKN Energy, in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. Under the contract, peak production at the field is expected to reach 140,000 barrels per day, with associated gas output […]
By John Lee. According to Iraq's Ministry of Oil, drilling has begun on a new exploration well in the Amerli district of Salahadin province - the first such well to be drilled in the northern governorates since 1978. The work is being carried out under a tripartite contract involving North Oil Company (NOC), Iraqi Drilling […]
By John Lee. The Iraqi Oil Exploration Company has completed a 2D seismic survey at the Qarnain block in Najaf province, finishing 31 days ahead of the scheduled timeline. The survey covered 2,850 kilometres and recorded 47,500 energy points, achieving a completion rate of 108 per cent. Work began on 10 October 2025 and concluded […]
By John Lee. The Iraq Oil Exploration Company has completed a two-dimensional seismic survey programme for the Al-Qurnain exploration project in Najaf province, aimed at expanding Iraq's geological database and supporting future oil and gas discoveries. The project forms part of efforts by the Ministry of Oil to strengthen hydrocarbon exploration activities and increase the […]
By John Lee. DNO has outlined the licence timelines and expected production outlook for its development and production assets in the Kurdistan Region of Iraq. In its recently-issued Annual Report for 2025, the company said the Tawke licence is due to expire in 2026, but includes an automatic five-year extension option that would extend the […]
By John Lee. Iraq's Oil Exploration Company has reported significant progress on a two-dimensional seismic survey programme north of Fallujah in Anbar province. The project, conducted for Midland Oil Company, forms part of the Ministry of Oil's plans to expand geological and geophysical data to support oil and gas exploration. According to the company, more […]
By John Lee. The Iraqi Oil Exploration Company has completed the two-dimensional seismic survey programme at "Ziggurat-Uruk" in Muthanna and Diwaniyah provinces ahead of schedule. Director General Osama Raouf Hussein visited the Fourth Seismic Team on Thursday and praised the national workforce for completing the project 12 days earlier than planned, achieving 104% of the […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Oil Powerhouse Chevron Is Back In Iraq, But Will It Be Different This Time? U.S. oil and gas supermajor Chevron signed an agreement in principle last week with Iraq's Oil […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has overseen the signing of a principles agreement between the Ministry of Oil and US oil company Chevron for the development of several oil projects in Iraq. The agreement covers the Nasiriyah Project, consisting of four exploration blocks, the development of the Balad oil field, and other […]
By John Lee. Iraq's state-owned Oil Exploration Company and Al-Qarnain Petroleum, a subsidiary of China's ZhenHua Oil, have signed a contract for a two-dimensional seismic survey of the Al-Qarnain (Al-Quraynan) exploration block. Minister of Oil, Hayan Abdul Ghani, described the block as a promising oil and gas prospect on Iraq's border with Saudi Arabia. According […]
By John Lee. The Iraqi Cabinet has authorised the Ministry of Oil to sign a non-binding Memorandum of Principles with US oil company Chevron. According to a statement from the Prime Minister's office, the agreement would facilitate negotiations on: The Nasiriyah Block Project, which includes four exploratory blocks (A, B, C, D); The development of […]
