Kuwait Energy and its partner in Egypt, the Egyptian General Petroleum Corporation, have begun production of oil and gas condensate in four wells within the Abu Sennan concession
Petrofac has been awarded its first offshore contract in Iraq after winning a US$100mn contract for offshore operations and maintenance services on the Iraq Crude Oil Expansion Project by South Oil Company (SOC)
Global oil company Serica Energy has revealed intentions to farm-out its interests in two offshore Moroccan blocks
The oil firm manages a 25 per cent working interest over each of its offshore Moroccan blocks, Foum Draa and Sidi Moussa, which have a combined surface area of more than 12,700 sq km.
Serica chairman and interim CEO Tony Craven Walker stated, “We are reaping rewards from our farm-out efforts in Morocco, which we hope to announce shortly.”
The statement came less than two months after Serica entered into a farm-out agreement with Exploration (Luderitz Basin) Ltd, which led to the wholly-owned BP subsidiary gaining a 30 per cent interest in Serica’s offshore Namibia Luderitz Basin Licence 0047.
Indonesian oil and gas firm Medco Energi is set to acquire a 21.25 per cent working interest in Block 9 onshore Yemen, after signing an agreement worth US$90mn with Reliance Exploration and Production DMCC
Genel Energy has announced that it will acquire a 21 per cent interest in the Bina Bawi exploration block in the Kurdistan Region of Iraq from Hawler Energy for US$240mn
