Oil majors seek Kurdistan deals, despite uncertainty
Without a clear path to monetize large-scale production in the KRG, IOCs are showing less appetite for mergers and acquisitions, but they're still in the market for new exploration blocks.
A worker at Gulf Keystone Petroleum's Shaikan production facility. (SEBASTIAN MEYER/Metrography/Iraq Oil Report)
ERBIL - International oil majors are continuing to hunt for deals in the Kurdistan region of Iraq, although merger and acquisition activity has slowed due to high asset prices and persistent political volatility.
Kurdistan's investment climate is now largely defined by uncertainty over how and when oil producers will gain reliable access to export pipelines, which they will need in order to monetize any large-scale crude output.
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