Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Iraqi Block 9 Service Contract Signed

change text size

Dragon Oil announced Monday that a consortium it is part of has signed the final service contract for Iraqi Exploration Block 9 with the Iraqi Ministry of Oil.

Dragon bid jointly with Kuwait Energy in respect of Block 9 and the signing of the contract will see Kuwait Energy as the operator with a 70-percent contractor share. Dragon Oil holds the remaining 30 percent.

Block 9 is located in the province of Basra. It covers an area of approximately 345 square miles. Dragon confirmed that if the block is found to be commercial during the five-year exploration period, the consortium is automatically eligible for 20-year development and production phases, extendable by a further five years.


 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Alam Lands Contract for Repair, Mainte... (Jan 30)
 -  Hibiscus to Capitalize on Lower Servic... (Jan 30)
 -  BSEE: Gulf Well Supervisor Charged wit... (Jan 30)
 -  Gazprom Warns of Reduced Investment Pr... (Jan 29)
 -  Total Signs 40-Year Onshore Oilfield D... (Jan 29)
Most Popular Articles
From the Career Center
Jobs that may interest you
Intermediate Contracts Administrator
Expertise: Contracts Administration
Location: Carson, CA
 
Compliance Technician
Expertise: Production Operator, Regulatory Compliance
Location: Lafayette, LA
 
Project Manager
Expertise: Project Management
Location: Houston, TX
 
search for more jobs