KUWAIT — A Kuwait Energy-led consortium and the Iraqi Ministry of Oil recently signed the final service contract for the exploration, development and production of Basra’s “block 9”.
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“Block 9”, which spans over an 866 square kilometer area in the Basra province, was awarded to the consortium during Iraq’s fourth bidding round in May 2012.
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The contract was signed on behalf of the Iraqi Ministry of Oil by the Deputy General of South Oil Company Faisal Wadi, and from Kuwait Energy by Chief Executive Officer Sara Akbar.
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The Kuwait Energy-led consortium for “block 9” includes Dragon Oil, an independent international oil and gas exploration, development and production company.
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