LUKoil Still Considering West Qurna-1

By John Lee.

Russian’s LUKoil is said to be studying documents on Iraq’s West Qurna-1 oil field, with a view to possibly taking over ExxonMobil‘s stake.

Bloomberg quotes Chief Executive Officer Vagit Alekperov (pictured) as saying that the company will make a decision on possible participation in the project by the end of the year.

It already holds 75 percent of the adjacent but separate West Qurna-2 “super giant”.

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Iraq Signs Oil Exploration Deal with Lukoil, Inpex

Construction & Engineering, Oil & GasPosted on 07 November 2012. Tags: Block 10, Inpex, Japan, LUKoil, oil contracts, PCLD, Petroleum Contracts and Licensing Directorate, Russia

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