(MENAFN- Iraq Business News)
By John Lee.
The China National Offshore Oil Corporation (CNOOC) is to press ahead with oil exploration at a 530-km2 offshore block in Basra.
Originally agreed in 2019 , the work had been delayed due to the COVID-19 pandemic.
In parallel, Iraq's state-owned Oil Exploration Company (OEC) will carry out seismic surveys on the adjoining 120-km2 onshore area.
Following these studies, one exploratory well will be drilled onshore and one offshore.
The announcement was made following a workshop (pictured) to study plans for the development of marine blocks, organized by the Oil Exploration Company in cooperation with CNOOC.
(Source: Ministry of Oil)
The post CNOOC to Explore Offshore in Iraq first appeared on Iraq Business News .
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