Iraq, OPEC’s second-largest producer, has approached PetroChina and ExxonMobil to invest in a multi-billion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi oil official said
Exploration & Production
Iran to open up oil and gas sector first to foreign companies
Iran’s oil and gas sector will be the first to open up to foreign investment, generating the much needed cash to fund other infrastructure projects, according to a panel of Iranian experts
Algeria’s Bir Seba field produces commercial oil
PetroVietnam Exploration Production (PVEP) Corporation has announced the first flow of commercial oil from Bir Seba oilfield in Algeria
OptaSense signs agency agreement with GASOS
OptaSense, a QinetiQ company specialising in Distributed Acoustic Sensing (DAS), has entered an agency agreement with Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (GASOS)
BP Egypt to acquire further interest in West Nile Delta project
BP Egypt has announced the completion of its ownership of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from DEA Deutsche Erdoel AG