Just 1 Deal on First Day of Iraq’s Energy Auction
The first day of Iraq’s fourth energy auction resulted in just one successful bid, with four of the today’s six exploration fields receiving no bids from the 47 pre-qualified bidders. The six blocks...
View ArticleIraq Signs Energy Exploration Contracts
By John Lee. Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) on Sunday for gas Block 8, which lies in the Diyala and Wassit provinces in the East of the country. Meanwhile...
View ArticleDragon Oil Updates on Block 9
By John Lee. In its interim results for the period ended 30th June 2012, Dragon Oil today issued the following update on its business in Iraq: A consortium of companies, comprising Dragon Oil (30%),...
View ArticleCabinet Approves 3 Energy Deals, Delays 1
By John Lee. Iraq’s cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet...
View ArticleIraq Expels Turkey’s TPAO, asks Kuwait Energy to Replace
By John Lee. The Iraqi cabinet has expelled Turkey’s state-owned Turkiye Petrolleri AO (TPAO) from the consortium that was granted the rights to explore energy block 9, and has asked Kuwait Energy to...
View ArticleKuwait Energy In, Turkey’s TPAO Out
By John Lee. Iraq has approved the deal under which Kuwait Energy would replace Turkey’s state-owned Turkiye Petrolleri AO (TPAO) on the Block-9 exploration contract. Abdul-Mahdy al-Ameedi, director of...
View ArticleKuwait Energy’s Plans in Iraq
By John Lee. In an interview with Reuters, the chief executive of Kuwait Energy says the company is committed to pumping gas and finding oil in southern Iraq, and will not risk aggravating Baghdad by...
View ArticleDrilling to Start at Block 9
By John Lee. Kuwait Energy and Dragon Oil have secured a rig from the Iraqi Drilling Company (IDC) to spud an exploratory well at Block 9 in Basra Province by the end of the year. In parallel, the...
View ArticleOil Discovered at Block 9
By John Lee. Shares in Dragon Oil closed up 0.2 percent on Wednesday following the discovery of oil at Block 9. Kuwait Energy, Dragon Oil’s partner in Block 9, issued the following update on the...
View ArticleNew Oil Minister Praises Kuwait
By John Lee. Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] has met with a Kuwaiti delegation led by the country’s Ambassador to Baghdad, Ghassan al-Zawawi, to discuss cooperation in the...
View ArticleMore Detailed Testing planned for Mishrif
By John Lee. In its Drilling and Production Update issued today (Friday), Dragon Oil has said that it plans more detailed testing at its Mishrif site: “On 10 September 2014, the consortium comprised of...
View ArticleDemining Continues at Block 9
By John Lee. In its Interim Management Statement on Tuesday, Dragon Oil gave the following update on its Iraqi operations: “On 10 September 2014, the consortium comprised of Kuwait Energy (70% and...
View ArticleNew Oil Discovery at Block 9
Kuwait Energy has announced that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at ‘Block 9′, Iraq. The successful discovery was at...
View ArticleDragon Oil to Accelerate Evaluation of Faihaa-1
By John Lee. In its Trading Statement this morning, Dragon Oil issued the following update on its operations in Iraqi Kurdistan: “On 10 September 2014, the partners in Block 9 in Iraq, Dragon Oil (30%)...
View ArticleDragon Oil Updates on Operations
By John Lee. In its 2014 Full-Year Results, Dragon Oil gave the following update on its operations in Iraqi Kurdistan: On 10 September 2014, the partners in Block 9 in Iraq, Dragon Oil (30%) and Kuwait...
View ArticleKuwait Energy, EGPC Partner on Block 9
By John Lee. Kuwait Energy and Egyptian General Petroleum Corporation (EGPC), the national oil company of Egypt, have jointly announced the signing of an agreement whereby EGPC has farmed in a 10...
View ArticleDragon Oil Updates on Block 9 Progress
By John Lee. In its Interim Management Statement this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq: “In 2014, the partners in Block 9 in Iraq, announced the...
View ArticleDragon Oil Updates on Block 9
By John Lee. In a statement to the markets this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq: “In 2014, the partners in Block 9 in Iraq (Dragon Oil 30%) announced...
View ArticleEgypt Finalises Farm-in at Block 9
By John Lee. Egypt has finalised a farm-in at Iraq’s Block 9 area in Basra province on Wednesday. Under the agreement, Kuwait Energy (KEC) will give up 10 percent of the concession, leaving it with a...
View ArticleBlock 9 Reaches Production in Record Time
Kuwait Energy has announced that the consortium comprising of Kuwait Energy (60%) as the operator, Dragon Oil (30%) and the Egyptian General Petroleum Corporation (10%) has commenced oil production...
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