A consortium led by Lukoil Holdings has initialled a contract with Iraqs Ministry of Oil for exploration, development and production rights over Block 10, which is located 120km west of Basra in Di-Kar and Mutannah provinces
Exploration & Production
Tethys Oil discovers three oil bearing fault blocks in Oman
Swedish energy company Tethys Oil has discovered three new oil bearing blocks in Farha South field on Block 3 onshore Oman
Chevron purchases oil block shares in Iraq
Chevron has announced that it will acquire Reliance Exploration & Production’s 80 per cent share of two oil blocks in the Kurdistan Region of Iraq
DNO finds oil in Oman
Norwegian oil firm DNO International has announced that results from initial flow tests of West Bukha-5 well in Oman has shown the presence of oil in the Thamama reservoir
E.ON makes oil and gas discovery in Algeria
E.ON Exploration & Production and state-owned Sonatrach have made an oil and gas discovery in the Rhourde Yacoub license area in Algeria