By John Lee. Premier Oil has announced that it has "successfully exited" its position in Iraq. The company was awarded a 40-percent stake in the Block 12 concession in 2012, but said in December 2015 that it would assign its participating interest to the operator, Russia's Bashneft, which was subsequently acquired by Rosneft. (Source: Premier […]
Russia's Bashneft has completed field seismic surveys at Block 12 as part of the geological exploration programme approved by the Iraqi Ministry of Oil. The Oil Exploration Company, an Iraqi company specializing in geological and geophysical exploration, which won the open tender in the spring of 2014, has been employed as a contractor to conduct […]
By John Lee. In its half-yearly results, Premier Oil gave the following update on its operations in Iraq: "In Iraq, work continues onshore Block 12, in which Premier was awarded a non-operated 30 per cent interest in November 2012. Block 12 is an 8,000 square kilometre block in the foreland of the Zagros fold belt, […]
By John Lee. Britain's Premier Oil is teaming up with Russia's Bashneft to develop Iraq's oil exploration block 12. In an update to the markets on Thursday, Premier said: "Subject to ongoing discussions with the authorities in Iraq, Premier has agreed to join Bashneft on Block 12, an 8,000 km2 block in the underexplored Salman […]
Russian oil giant Bashneft has been award the rights to explore for oil in the south of the country after nearly one month of negotiations, a senior Baghdad official said on Sunday, according to a report from Bloomberg. This brings the total number of Russian companies with oil deals in Iraq to three. During Iraq's […]
The first day of Iraq's fourth energy auction resulted in just one successful bid, with four of the today's six exploration fields receiving no bids from the 47 pre-qualified bidders. The six blocks offered today were numbers 2, 9, 6, 12, 1 and 11. A consortium of Kuwait Energy (40%), Turkey's TPAO (Turkiye Petrolleri AO) […]
