Hungarian group sees Iraq oil well success
Baghdad, August 7, 2010
Hungarian oil and gas group MOL said it had conducted successful Jurassic Zone testing on its Shaikan-1 discovery well in the Shaikan Block in Iraq's Kurdistan region.
MOL said on the initial test in 2009, the zone failed to flow oil to the surface, however final production rates during this week's re-testing were 4,650 barrels per day.
MOL holds a 20 per cent stake in the Shaikan block while the field's operator and main owner is Gulf Keystone.-Reuters
Tags: Iraq | MOL | Hungarian oil |
More Energy, Oil & Gas Stories
- Iran's petrochem revenue surges to $2bn
- Bahrain to boost energy efficiency
- Oil prices set for biggest weekly loss
- Egypt to issue smart cards to fuel stations
- Oil hits three-week low
- Yokogawa-Petrobras in wireless deal
- Technip wins Adma-Opco contract
- Brent weakens towards $102
- ASAR named legal advisor for Kuwait project
- BP to invest $2.85bn in Iraq's largest oilfield
