EXPLORATION

Woodside to go into Iraq

WOODSIDE Energy and the Iraq Oil Ministry have signed a cooperation agreement to identify possibl...

The two parties signed a two-year memorandum of cooperation covering the evaluation of potential oil and gas projects and human resource development in the Kurdistan region.

Under the agreement, they will undertake a joint six-month study, mostly from Perth, using existing data on two fields to identify viable oil and gas projects.

“Iraq holds the world’s third largest oil and gas reserves and Kurdistan is a relatively underexplored part of Iraq,” Woodside media officer Rob Millhouse told EnergyReview.Net.

“We expect Iraq’s political situation to improve over time, but this is just an initial step to more fully understand the potential risks, rewards and benefits of investing in Iraq's oil and gas sector. It’s too early too say whether this will lead to Woodside investing in Iraq.”

Woodside will also sponsor the training of several professional Iraq Oil Ministry personnel in Perth and several Iraqi science and engineering students at Curtin University of Technology, also in Perth, Millhouse said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry