MOSCOW - OAO Lukoil Holdings, Russia's second largest oil producer, said Tuesday that the Iraq government has approved the geologic exploration, development and production contract for Block 10 in the south of the country.
Lukoil said the development will result in a synergistic effect as it is located 100 km from the company's West Qurna-2 field.
Lukoil has a 60% stake in Block 10. Japan's Inpex Corp. holds the other 40%.
Copyright (c) 2012 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you