Chevron Corp. subsidiaries have completed a transaction to acquire interests in two blocks in the Kurdistan Region of Iraq.
Chevron will acquire Reliance Exploration & Production DMCC’s 80% interest and operatorship of the production sharing contracts covering the Rovi and Sarta blocks. The blocks cover a combined 490 sq miles north of Erbil.
Chevron subsidiaries will partner with OMV Rovi GmbH and OMV Sarta GmbH, which hold 20% interest in the two blocks.
