EXPLORATION/DEVELOPMENT BRIEFS

02/13/2012
Iraq ShaMaran Petroleum Corp., Vancouver, BC, has relinquished its 60% interest in the Pulkhana and Arbat blocks in Iraq's Kurdistan region for a consideration of $25 million payable to the Kurdistan Regional Government. The relinquishment will allow ShaMaran to focus on Atrush and Taza, considered to be its most prospective blocks. Pulkhana and Arbat were not as prospective as anticipated, ShaMaran said. General Exploration Partners Inc. and Marathon Petroleum KDV BV plan to complete a 3D seismic survey in the current quarter over an April 2011 discovery on Atrush. The plan to drill an appraisal well in the second quarter and later install an early production system. ShaMaran owns 33.5% ...
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