Home
Ross Perot Jr.'s energy company strikes oil in Iraq
Iraq, May 18, 2014
Ross Perot Jr.'s oil company, HKN Energy, has made an oil discovery in the Kurdistan region of Iraq, the Dallas Morning News reported.
The company, which has been operating in the Kurdistan since 2006, is a subsidiary of Hillwood International Energy.
HKN said it intends to begin production by the end of May on two wells. So far, those wells have shown production levels of 25,000 barrels a day, the Morning News said.
The Kurdistan government has 35 percent ownership of the oil field, the Morning News said.
(bizjournals)
[You must be registered and logged in to see this link.]
Iraq, May 18, 2014
Ross Perot Jr.'s oil company, HKN Energy, has made an oil discovery in the Kurdistan region of Iraq, the Dallas Morning News reported.
The company, which has been operating in the Kurdistan since 2006, is a subsidiary of Hillwood International Energy.
HKN said it intends to begin production by the end of May on two wells. So far, those wells have shown production levels of 25,000 barrels a day, the Morning News said.
The Kurdistan government has 35 percent ownership of the oil field, the Morning News said.
(bizjournals)
[You must be registered and logged in to see this link.]
