Lukoil: Iraq Govt Approves Block 10 Oilfield Development

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.
Post 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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Principal II - DES
Expertise: Design Engineer|Drilling Engineering
Location: Houston, TX
 
Sr Reservoir / Production Engineer - Field Engineering
Expertise: Production Engineering
Location: Platteville, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours