Pertamina buys ConocoPhilips’ share in Algerian block
Indonesia’s Pertamina has acquired ConocoPhillips’ Block 405a onshore Algeria for US$1.75bn, making it its first major acquisition overseas
E&P
Lukoil to start Iraqi oilfield production in 2014, double output
Lukoil has announced that it will launch production at the West Qurna-2 field in Iraq in 2014, in order to double its oil output
Lime Petroleum drills oilwell offshore Oman
Lime Petroleum has announced that it has began drilling an oil exploration well in Block 50 offshore Oman
Algeria’s undiscovered hydrocarbons ‘amounts to six times its present stock’
Algeria has announced that its undiscovered unconventional hydrocarbons, both shale and tight, amount to six times the present level of reserves
Longreach Oil & Gas spuds Moroccan well
Canada-listed Longreach Oil & Gas has announced that it has spud a well at its Sidi Moktar Licence Area in Morocco’s Essaouira Basin
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