Exxon continues Kurdistan development
With prospective drilling deals, in-country staffing and early-stage exploration activities, the super-major is moving forward with its six KRG contracts.
A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. (JESSICA RINALDI/Reuters)
ERBIL - ExxonMobil is continuing its early development of the six exploration blocks it signed with Iraq's Kurdistan Regional Government (KRG) last October, despite demands by the central government to hold off.
The company is in the early stages of soliciting bids from drilling companies, according to a source with direct knowledge of the bidding. And in all of the blocks, Exxon is learning more about the geological formations that are expected to contain billions of barrels of oil and trillions of cubic feet of natural gas.
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