NEWS ARCHIVE

Oil Search makes Iraqi incursion

OIL Search's Iraqi subsidiary has received approval from the Kurdistan Regional Government in Iraq to take a 60% stake in the Taza Block, which is on-trend with a 1 billion barrel field.

Oil Search makes Iraqi incursion

The company will act as operator, while ShaMaran Petroleum BV holds a 20% stake and the KRG holds the remaining 20%, with costs carried by the two private companies. The joint venture acquired 232 line-kilometres...

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