Lukoil Begins Iraqi Seismic Survey

Russia's Lukoil reported Friday that it has started a 2D seismic survey over Block 10 in southern Iraq. Approximately 1,240 linear miles of seismic survey will be completed on behalf of Lukoil by geophysical specialist BGP over the next 16 months.

Block 10 has a total area of 1,930 square miles and is located in the Dhi Qar and Mutanna provinces 74 miles to the west of Basra.

The seismic survey is part of a mandatory geological exploration program on the block that is required by Iraq. This five-year program also includes the drilling of one exploration well.

Lukoil was granted rights over Block 10 in June 2012. Its service contract over the block gas a duration of 25 years, with the potential to extend this for a further five years.

Lukoil is the operator of the Block 10 project, with a 60 percent stake, while Japan's Inpex Corporation holds a 40-percent interest.

 



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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  PTTEP Sells 20% Stakes in 2 Blocks in ... (Aug 31)
 -  Buru Energy Hits Oil at Praslin 1 Well (Aug 28)
 -  IOG Gets 3-Month Skipper License Exten... (Aug 28)
 -  UIL Energy to Acquire Perth Basin 2D S... (Aug 28)
 -  Galilee Completes Acquisition of ATP 5... (Aug 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Geotechnical Engineering Manager
Expertise: Geotechnical Engineer
Location: Houston, TX
 
Senior Geotechnical Engineer
Expertise: Geotechnical Engineer
Location: Baton Rouge, LA
 
Account Manager - Reservoir Development Services - Houston, TX
Expertise: Business Development|Geologist|Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
Updated in last 24 hours