Kuwait Energy has announced that its consortium has made its second oil discovery at Block 9 in Iraq
Exploration & Production
Kurdistan Region of Iraq oilfield output to see a rise
Hungary’s MOL Group has announced that the Shaikan field in Kurdistan Region of Iraq would see a rise in production from 24,000 boepd to 40,000 boepd
BP plans US$1.2bn investment to boost production in Egypt
BP plans to invest more than US$12bn in Egypt over the next five years and double its gas supplies to the North African nation in the next decade, according to the British explorer executive
RAK Petroleum acquires additional stake offshore Côte d’Ivoire field
UAE-based energy investment firm RAK Petroleum has increased its indirect stake in a Côte d’Ivoire offshore field with an investment of US$10.6mn
Sonatrach chalks out energy strategy in Algeria
Algerian company Sonatrach has announced that it would intensify its exploration efforts by drilling 125 wells a year and expand its transportation network to help boost oil and gas production over the next five years
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