| 2008: Austria's OMV plans Iraqi Kurdistan oil blocks work |
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May 28, 2008 Austrian oil and gas group OMV AG said on Tuesday it planned to drill two wells next year in its northern Iraq exploration blocks. OMV was awarded two production sharing contracts by the Kurdish Regional Government (KRG) in the Mala Omar and Shorish blocks in November. "We have two blocks near Erbil near the Taq Taq and Hawla fields," Ashiq Hussain, OMV's senior vice-president for global exploration and reservoir management, told an energy conference in Dubai. "We plan to shoot seismic in August and drill two wells next year." Iraq halted oil supplies to OMV in February in protest over the deal between the company and the KRG. Source: Reuters |