Petrel makes case for ‘Little Oil’ in Iraq

Iraqi oil and gas deals aren't just for Big Oil as smaller firms already active in the country are better placed, the head of Petrel Resources said in a statement in which he said the Irish firm has settled payment disputes over a field it is helping develop, Ben Lando reports for United Press International.

"Fears that super-majors would have preferential access to super-giant fields on the basis of no-bid contracts are groundless," said Petrel Managing Director David Horgan. "There are at least 80 major fields in Iraq, and the advantage is with those players who are knowledgeable and ready to work immediately."