Contrary to Baghdad's claims that Exxon's KRG contracts are "frozen," the company is spending a quarter-billion dollars and will spud its first well this year.

Exxon to start drilling in disputed Kurdish blocks

Exxon to start drilling in disputed Kurdish blocks
The view from the drilling platform at Shaikan 5 appraisal well, operated by Gulf Keystone Petroleum. (SEBASTIAN MEYER/Metrography/Iraq Oil Report)

ExxonMobil has signed contracts to drill in Iraq's semi-autonomous Kurdistan region by the end of this year, despite claims by Baghdad officials that the company has vowed to "freeze" its controversial contracts.Exxon has spent or allocated a quarter-billion dollars for exploration, drilling and other work and supplies in Iraq's Kurdistan region, according to an official with knowledge of Exxon and the Kurdistan Regional Government (KRG). The company "will start moving dirt in December,"...

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.