Oil Ministry: make amendments to the contract rehabilitation ninth exploratory area in Basra
9/30/2015
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Twilight News / announced circle petroleum contracts and licenses in the oil ministry on Wednesday for amendments to the contract rehabilitation ninth exploratory area in the province of Basra. The Director General of the Department contracts and licenses Abdul Mahdi al-Amidi said in a statement responded to Twilight News, that the First Amendment guarantee the sale of 10.% Share of Kuwait Energy Company to the Egyptian Petroleum Authority and thus share KEC become 60% within the coalition winner qualifies patch exploratory tour of petroleum licenses fourth. He added that the second amendment to the contract to ensure a long-term program of action of the well, which was drilled in the area of ​​exploration, which is hoped to produce (5) thousand barrels per day and that light is determined by the company's receivables. The contract to develop the area exploratory ninth coalition won by Kuwait Energy and Oil Drakoun within the fourth round of licenses.

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