DNO International announced the test results from its just-complete Tawke-16 well in the Kurdistan Region of Iraq that saw oil flow at over 25,000 bpd.
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German oil and gas company Wintershall has restated its commitment to post-Gaddafi development in Libya as it looks to ramp its oil production in the country back up to pre-revolution levels
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McDermott International and Daewoo Engineering and Construction have reportedly signed contracts to build facilities to recover gas from Hout oil field, according to industry sources.
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Gazprom Neft announced that it had reactivated its third well, Bd1, at the Badra field located in Wassit Province in Eastern Iraq.
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Oil production in Iran has dropped to a new low in February with crude output falling by 50,000 bpd to 3.38mn bpd, according to the International Energy Agency (IEA).
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