facebook
twitter
rss
account
search
search
 

DNO confirms oil find in Kurdish Iraq

Sept. 12, 2012 at 8:25 AM   |   Comments

OSLO, Norway, Sept. 12 (UPI) -- Norwegian energy company DNO International announced it encountered oil during drilling operations in the Kurdish region of northern Iraq.

DNO said it discovered oil while drilling in the Benena-3 well in the Kurdish region. The company said it was assessing the find.

It added that a series of wells were under examination in the region. DNO Executive Chairman Bijan Mossavar-Rahmani said the drilling campaign in the Kurdish north was aggressive.

"Through these wells and others planned next year, the company is targeting in excess of 500 million barrels of gross unrisked oil and gas reserves, predominantly in Kurdistan," he said in a statement.

The central government in Baghdad had said it was considering cutting ties with foreign energy companies signing unilateral deals with the semiautonomous Kurdistan Regional Government, which controls oil-rich northern Iraq.

Baghdad blacklisted some international oil companies that have engaged the KRG.

Washington has advised U.S. energy companies working in Iraq that signing deals without Baghdad's approval is a risky move.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Scotland was tricked, 'yes' backers say Scotland was tricked, 'yes' backers say
2
Greenpeace puts more pressure on LEGO Greenpeace puts more pressure on LEGO
3
Iraq relying on oil wealth from Basra Iraq relying on oil wealth from Basra
4
Slovakia sees Russian gas volumes drop Slovakia sees Russian gas volumes drop
5
Ground broken on Azeri gas pipeline for Europe Ground broken on Azeri gas pipeline for Europe
Trending News
Video
x
Feedback