 |
Louisiana Light • 2 days | 86.79 | -0.77 | -0.88% | ||
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% | ||
|
Mars US • 181 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.592 | +0.015 | +0.58% |
|
Bonny Light • 1 day | 85.43 | -2.61 | -2.96% | ||
|
Girassol • 1 day | 86.37 | -2.70 | -3.03% | ||
|
Opec Basket • 3 days | 88.72 | +0.00 | +0.00% |
|
Peace Sour • 6 hours | 72.20 | -2.93 | -3.90% | ||
|
Light Sour Blend • 6 hours | 75.25 | -2.93 | -3.75% | ||
|
Syncrude Sweet Premium • 6 hours | 82.20 | -2.93 | -3.44% | ||
|
Central Alberta • 6 hours | 72.60 | -2.93 | -3.88% |
|
Eagle Ford • 2 days | 78.41 | -0.70 | -0.88% | ||
|
Oklahoma Sweet • 2 days | 78.25 | -0.75 | -0.95% | ||
|
Kansas Common • 2 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 3 days | 87.60 | -1.22 | -1.37% |
U.S. Natural Gas Could Be A Big Winner of The AI Boom
U.S. natural gas producers and…
Why Chinese Exports to Russia Are Declining
China, facing US threats of…
More Oil Discovered in Northern Iraqi Kurdistan
In July 2009 the British oil & gas company, Gulf Keystone Petroleum Ltd., was awarded a Production Sharing Contract for the Sheikh Adi block, part of the Shaikan structure in Northern Iraq, by the Kurdistan Regional Government. Gulf Keystone Petroleum was given an 80% interest, with the remaining 20% staying under the control of the KRG.
Gulf Keystone are happy to confirm the presence of oil in block after their preliminary tests yielded a flow rate of 4,235 barrels of heavy crude oil a day.
A statement released by the company said that, “the notification of the discovery follows the completion of a well testing program of the Sheikh Adi-2 exploration well on the block, located immediately to the west of the company's Shaikan block, which is a major commercial discovery.”
Related Article: Report Highlights "Troubled" Year for Iraq
Two facilities are currently been developed in the region with a predicted production capacity of 40,000 barrels per day for the middle of next year, and then a full-scale production capacity of 150,000 barrels per day expected by 2015.
Todd Kozel, CEO of Gulf Keystone Petroleum, commented that “this most recent exploration success points to the significant potential for further growth and future synergies across our world-class acreage in the Kurdistan Region of Iraq.”
By. James Burgess of Oilprice.com
James Burgess
James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
