VOL. XLVI

No 37

15-September-2003

IRAQ

Pertamina Plans To Start Exploration Work On Iraqs Western Desert Block 3

Indonesian state oil company Pertamina plans to start exploration work on Iraqs Western Desert Block 3, which it was awarded in April 2000 and ratified in December last year (MEES, 28 July). Block 3 is estimated to contain 2bn barrels of oil reserves and 1.2 trillion cu ft of gas. Pertamina is to spend $24mn over three years which is extendable for a further two years with an additional...