Canada-based oil exploration firm Valeura Energy has announced that it has been awarded a new exploration licence, Banarli Licence 5104, on a 100 per cent working interest basis in the Thrace Basin of northwest Turkey
A consortium consisting of Petrofac Emirates and Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a US$3.7bn contract for the field development of Upper Zakum (UZ750), offshore Abu Dhabi
Genel Energy has made a significant oil discovery in the first of five exploration wells on Chia Surkh exploration block in Kurdistan Region of Iraq
Abu Dhabi Marine Operating Company (ADMA-OPCO), a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed two engineering, procurement and construction (EPC) contracts worth a total of US$2.4bn for the development of Satah Al Razboot (SARB) oil field
Austria’s OMV has began production at Bina Bawi-3 well, located in the Kurdistan Region of Iraq, at the rate of 5,000 barrels of oil equivalent per day (boepd)
