Korea National Oil Corporation (KNOC) has signed a contract to develop three undeveloped oil blocks in Abu Dhabi with the Abu Dhabi National Oil Company (ADNOC).
Exploration & Production
Total acquires exploration license for Yemen operations
Total has acquired 40 per cent interest in the exploration license from Oil Search, which is subject to the approval of Yemens Ministry of Oil and Mineral Resources.
Iraqi production exceeds expectations, officials claim
Iraqs oil production has risen above three million barrels per day for the first time in more than three decades, the government announced, adding that it will sharply increase exports with a major new floating oil terminal beginning operations this week.
WesternGeco reveals Kuwaiti seismic survey contract details
WesternGeco confirmed technical details of the five-year contract awarded by Kuwait Oil Corporation (KOC) for the worlds largest-ever channel count seismic survey covering 2,895km2 over five Jurassic-age fields in Kuwait.
Tunisia plans massive drilling programme
Tunisia plans to explore 24 new oil sites this year, the official news agency said, citing Khalid Qadour, director-general of energy at the Ministry of Industry.
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