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 Oil Search signs up for Kurdistan seismic

 Source : UPI
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Oil Search signs up for Kurdistan seismic  25.8.2009   



August 25, 2009

ERBIL-Hewlęr, Kurdistan region 'Iraq', — Oil Search has signed a seismic option agreement with the Kurdistan Regional Government over Block K42 in Iraq.

Under the agreement, Oil Search will fund the acquisition of 200 kilometres of 2D seismic within the next six months.

After completing the seismic acquisition, Oil Search will have the option to sign a full production sharing contract for Block K42.

K 42 covers 511 square kilometres in the south-eastern fairway of the Zagros fold belt of Kurdistan,
www.ekurd.net next to the Pulkhana discovery and the Kor Mor gas condensate field, which is under development.

No previous drilling has taken place in the onshore block, but Oil Search said it is likely to contain highly productive Cretaceous and Tertiary intervals present in the region.

Copyright, respective author or news agency, upstreamonline com   

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