Australia’s Oil Search announces stake in Iraqi Kurdistan PSA…
Plus: *Power outages and supplies *Road Map for Iraq Oil Industry *Western Zagros announces KRG drilling *Alive in Baghdad: Locals Bring Security to Adhamiya *War News Radio: Iraq Out Of Work *Much, much more… Oil Search announced Tuesday it signed into an 18.75 percent working interest/15 percent revenue interest in a production sharing agreement in […]Oil Search announced Tuesday it signed into an 18.75 percent working interest/15 percent revenue interest in a production sharing agreement in southeast Iraqi Kurdistan. Partners, from largest to smallest in share, include Prime (the operator), Petoil, a to be determined third party and the KRG, which maintains a 20 percent revenue interest.
Oil Search is also invested in the Bina Bawi PSA.
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