IRAQ

 

Exxon Shrugs Off West Qurna-1 Cut

 

ExxonMobil does not see any major impact on its overall production from a potential reduction in the plateau target of Iraq’s WQ-1, oil field as it confirms that it had started exploration drilling in the KRG.

Iraq’s oil ministry is negotiating lower plateau targets and contract extensions for its five big southern oil fields with operators of the consortia developing the fields under long-term Technical Service Contracts...