EL Waha Petroleum Co. (previously known as OWAPCO) successfully guaranteed EGPC approval to adopt the new financial budget to implement the development plan of the current fiscal year 2010-2011 in its acquisition in West Qarun.
Exploration & Production
RAK Petroleum snaps up Saleh field
RAK Petroleum has signed an agreement with the Ras Al Khaimah Gas Commission (Rakgas) to take a 100 per cent stake in the Saleh field offshore the Emirate of Ras Al Khaimah in exchange for 100,000,000 shares in RAK Education Company (EDRAK).
Chinook suspends drilling at Tunisian well
Exploration at the Jenein Centre-1 well in Tunisia has been suspended due to an unsuccessful completion attempt on the first formation tested.
ShaMaran starts drilling in Iraq’s Kurdistan
ShaMaran petroleum Corporation has started drilling operations at the Atrush-1 exploration well in the Atrush Block, in the Kurdistan region of Iraq.
Sterling Energy’s Iraqi Kurdistan update
Sterling Energy PLC has provided an update on its activities in the Kurdistan region of Iraq.
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