CNOOC secures offshore survey contract in Iraq

CNOOC secures offshore survey contract in Iraq

China National Offshore Oil Corporation (CNOOC) has entered into an agreement with Iraq to conduct seismic survey for two oil exploration blocks in Iraq’s southern province of Basra, state media Xinhua reports.

According to a statement by Iraq’s ministry of oil, minister Thamir al-Ghadban said the ministry is implementing its strategic plans to develop and rehabilitate exploring blocks to boost oil and gas reserves.

The contract includes the implementation of seismic surveys and the preparation of reservoir studies and analysis of the two exploratory blocks, one of which is offshore and the other is onshore.

Iraq held an auction last year for international energy companies to bid for 11 oil and gas blocks near the borders with Iran and Kuwait, and later issued six licenses to foreign firms to explore and drill.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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