Indonesian oil and gas firm Medco Energi is set to acquire a 21.25 per cent working interest in Block 9 onshore Yemen, after signing an agreement worth US$90mn with Reliance Exploration and Production DMCC
Exploration & Production
Genel Energy to acquire a further 21 per cent stake in Bina Bawi block
Genel Energy has announced that it will acquire a 21 per cent interest in the Bina Bawi exploration block in the Kurdistan Region of Iraq from Hawler Energy for US$240mn
Calvalley Petroleum provides drilling update on Ras Nowmah 5 well
Canada-based Calvalley Petroleum has revealed that drilling operations of the Ras Nowmah 5 appraisal well have been completed
Kuwait Energy reports 15 per cent increase in revenue
Kuwait Energy has reported a 15 per cent increase in revenue for Q2 2012 compared with the corresponding period last year
Technip-NPCC consortium awarded Upper Zakum field deal
French oil services group Technip, in a consortium with National Petroleum Construction Company (NPCC), has been awarded a contract on the Upper Zakum Project in Abu Dhabi by Zakum Development Company (ZADCO)