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Gazprom Neft eyes Kurdish oil
3/27/2015
Gazprom’s oil unit, Gazprom Neft will conduct a 2D seismic survey on the south-eastern section of the Halabja block in Iraq covering about 870 linear kilometres by the end of the year, a report said. Gazprom Neft, the fourth largest oil producer in Russia, recently completed a survey spanning 225 linear kilometres in the south-western section. Last year, a 2D seismic survey covering 130 linear kilometres was conducted on the Halabja block. The first exploration well is expected to be drilled this year or in 2016. “The Halabja block has until now undergone very little geological study. Conducting seismological surveys is the first step towards identifying the optimal location for an exploration well and these provide a significant amount of new information on the structure of the block,” Gazprom Neft Middle East CEO Mikhail Kholodov said. Gazprom Neft is involved in four projects in Iraq, three of which are located in Kurdistan.
LUKoil, Russia’s largest private oil company, signed a contract revision last year to build two 120-kilometre long pipelines and associated infrastructure for the West Qurna oil field in southern Iraq. Iraq’s oil sector was caught in the cross hairs of the fight between military forces and fighters loyal to the group calling itself the Islamic State. Violence attributed to the Islamic State forced some energy companies to suspend operations in the Kurdish north last year
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3/27/2015
Gazprom’s oil unit, Gazprom Neft will conduct a 2D seismic survey on the south-eastern section of the Halabja block in Iraq covering about 870 linear kilometres by the end of the year, a report said. Gazprom Neft, the fourth largest oil producer in Russia, recently completed a survey spanning 225 linear kilometres in the south-western section. Last year, a 2D seismic survey covering 130 linear kilometres was conducted on the Halabja block. The first exploration well is expected to be drilled this year or in 2016. “The Halabja block has until now undergone very little geological study. Conducting seismological surveys is the first step towards identifying the optimal location for an exploration well and these provide a significant amount of new information on the structure of the block,” Gazprom Neft Middle East CEO Mikhail Kholodov said. Gazprom Neft is involved in four projects in Iraq, three of which are located in Kurdistan.
LUKoil, Russia’s largest private oil company, signed a contract revision last year to build two 120-kilometre long pipelines and associated infrastructure for the West Qurna oil field in southern Iraq. Iraq’s oil sector was caught in the cross hairs of the fight between military forces and fighters loyal to the group calling itself the Islamic State. Violence attributed to the Islamic State forced some energy companies to suspend operations in the Kurdish north last year
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