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AP Moeller Maersk's Maersk Oil announces deal for two exploration blocks in Kurdistan region of Iraq

Monday, 13 Jan 2014 07:00pm EST 

AP Moeller Maersk A/S' Maersk Oil:Says the Kurdistan Regional Government has approved Maersk Oil’s acquisition of a 40-percent non-operating interest in the Piramagrun and Qala Dze Production Sharing Contracts from Repsol Oriente Medio S.A.Says Repsol will continue to operate exploration activities and also hold a 40 percent interest and the Kurdistan Regional Government will hold the remaining 20-percent share of each block.Says the Piramagrun and Qala Dze blocks are located about 150 kilometres east of Erbil, the regional capital of Kurdistan. 

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70.0 +0.58%
19 Dec 2014