Iraq: Akkas gas field development pact finalized

Iraq has given final approval to the Akkas gas field development project in the Western Desert in Anbar Province near the border with eastern Syria.

Korea Gas Corp. will submit a development plan within 6 months for the field, estimated to contain 5.68 tscf of initial gas in place (OGJ, Oct. 3, 2011, p. 86). Development work may not begin for a year or more, press reports said.

Kogas has 75% interest in Akkas, and Iraq’s state North Oil Co. has 25%. Early exploratory drilling in the area dates to the early 1990s.

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