Oil Search plans drilling to study size of Kurdistan oil find
Oil Search (OSH) Ltd., Papua New Guinea’s largest energy producer, will drill four wells at its oil discovery in Iraq’s Kurdistan region and aims to determine the size of the resource by the end of 2015. “We’ve got a good asset in Kurdistan,” Managing Director Peter Botten said today in Perth, where he’s attending an industry conference. “We’re […]James Paton of Bloomberg reports:
Oil Search (OSH) Ltd., Papua New Guinea’s largest energy producer, will drill four wells at its oil discovery in Iraq’s Kurdistan region and aims to determine the size of the resource by the end of 2015.
“We’ve got a good asset in Kurdistan,” Managing Director Peter Botten said today in Perth, where he’s attending an industry conference. “We’re appraising it now. It will be toward the end of next year when we understand the resource base. Then we’ll decide where we go with it, what we do.”
