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INPEX CORP Signs Service Contract for Onshore Exploration Block 10, Iraq

Wednesday, 7 Nov 2012 09:30pm EST 

INPEX CORP announced that it has signed a service contract with the Iraqi State Oil Company (South Oil Company) for the onshore Exploration Block 10 jointly with LUKOIL Overseas Iraq Exploration B.V.(LUKOIL), a subsidiary of LUKOIL, Russian oil company. INPEX and LUKOIL have been awarded the rights to explore the Exploration Block 10 through the fourth Petroleum Licensing Round held on May 31, 2012 in Iraq. LUKOIL (Operator) holds a 60% participating interest and INPEX holds the remaining 40% participating interest in the Block 10. INPEX and LUKOIL will conduct exploration activities including the minimum work program of a 2D seismic survey of 1,375km and drilling of one exploratory well. 

Company Quote

-2.5 -0.16%
24 Jul 2014