Saudi Arabia is implementing energy projects worth US$37 billion during the current fiscal year as it attempts to meet the increasing demand for refined oil products
Exploration & Production
Lukoil starts drilling first oil well in Iraq's West Qurna-2
Lukoil has started production drilling and construction of an oil processing unit at the West Qurna-2 field, which has estimated reserves of 14 billion barrels
Lamprell nets additional rig deal from NDC
Abu Dhabis National Drilling Company (NDC) has awarded Lamprell a US$333 million contract for the construction of two jackup rigs
Gulf Keystone achieves record flow rate at Shaikan-4 well
Gulf Keystone has announced record flow rate results following the completion of the testing programme for the Shaikan-4 deep appraisal well in the Kurdistan Region of Iraq
PDO to invest heavily in Enhanced Oil Recovery projects
Petroleum Development Oman (PDO) has said it will invest US$20 billion over the next five years and continue its focus on Enhanced Oil Recovery (EOR) projects
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