Korean companies discover new oil reserves in Iraq’s Kurdistan
Korean companies discover new oil reserves in Iraq’s Kurdistan
03/16/2014 09:45
Korean Foundation owns 15% share of the exploration field while owns Erics Petroleum owns 65% and the Kurdistan Regional Government and the remaining share of 20%.
BAGHDAD / obelisk: Korean Foundation reported for oil exploration in Iraq’s new oil discovery in Iraqi Kurdistan
According to the Foundation in the news report I followed “obelisk” that a joint venture to explore for oil comprising enterprise Korean oil enables the discovery of new reserves in the field Haulir in the Kurdistan region of Iraq, noting that the hole Albanan exploration fourth in a field Haulir produced the successful 4,320 barrels of light oil daily drilling tests in-kind, which began in January last year.
She said he was the first to extract oil from a field Haulir in March of last year after the organization discovered that the Korean company and Erics Petroleum Swiss jointly, and oil reserves are estimated Hawalli 600 million barrels. He followed this discovery, the discovery of a second in October / October and the third in November.
The Korean Foundation owns 15% share of the exploration field while owns Erics Petroleum owns 65% and the Kurdistan Regional Government and the remaining share of 20%.
The estimated oil reserves in the Kurdistan region of about 450 billion barrels, or about 30% of the total reserves of Iraq, which is enough to supply South Korea with a total need of oil for 50 years.
almasalah.com
