Despite the political risks, foreign oil investors in the Kurdistan Regional Government (KRG) are ratcheting up already high levels of activity, spurred by recent discoveries, declarations of commerciality (MEES 14 September) and talk of a political breakthrough in the oil conflict between the Kurds and Baghdad (see p16).
Results have been largely, although by no-means 100%, positive. On 11 September, Norway’s DNO announced that it had struck oil with its Benenan-3 well on its Irbil block. The Norwegian firm is working to bring a fourth rig in, aiming to drill Bastora-2 after Benenan-3, with the other three rigs working on the company’s producing Tawke field. (CONTINUED - 327 WORDS)