Kuwait has awarded UAE-based Petrofac International and Greece-based Consolidated Contractors Company (CCC) a US$4.2bn contract to develop Lower Fars heavy oilfield in the north of the country
Exploration & Production
Eni signs new agreement for Egyptian block
Italian oil and gas explorer Eni has signed a new concession agreement to operate in the southwest Melehia Block, located in the Western Desert of Egypt
Kuwait Energy hits oil again in Iraq
Kuwait Energy has announced that its consortium has made its second oil discovery at Block 9 in Iraq
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
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