Genel Energy will acquire a 26 per cent interest in Miran exploration block in the Kurdistan Region of Iraq from Heritage Energy Middle East Limited (HEME) for US$156mn
Genel Energy to acquire 26 per cent interest in Miran block
Exploration & Production
Total purchases ShaMaran's interest in Taza block for US$48 million
Total SA has purchased ShaMaran Petroleum Corp’s entire 20 per cent undivided participating interest in the Taza PSC in the Kurdistan Region of Iraq for US$48mn
Kuwait Energy starts commercial production in Abu Sennan, Egypt
Kuwait Energy and its partner in Egypt, the Egyptian General Petroleum Corporation, have begun production of oil and gas condensate in four wells within the Abu Sennan concession
Petrofac awarded US$100 million offshore contract in Iraq
Petrofac has been awarded its first offshore contract in Iraq after winning a US$100mn contract for offshore operations and maintenance services on the Iraq Crude Oil Expansion Project by South Oil Company (SOC)
Serica Energy plans Morocco farm-out agreements
Global oil company Serica Energy has revealed intentions to farm-out its interests in two offshore Moroccan blocks
The oil firm manages a 25 per cent working interest over each of its offshore Moroccan blocks, Foum Draa and Sidi Moussa, which have a combined surface area of more than 12,700 sq km.
Serica chairman and interim CEO Tony Craven Walker stated, “We are reaping rewards from our farm-out efforts in Morocco, which we hope to announce shortly.”
The statement came less than two months after Serica entered into a farm-out agreement with Exploration (Luderitz Basin) Ltd, which led to the wholly-owned BP subsidiary gaining a 30 per cent interest in Serica’s offshore Namibia Luderitz Basin Licence 0047.
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