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We are confident that this agreement will deliver tangible outcomes, sustaining oil and gas production and making a significant contribution to the national economy, he said. Under the terms of the agreement, OQEP will hold a 60% operatinginterest in Block 54, while Genel Energy will retain the remaining 40% as a non-operating partner.
The Court reached this holding based on the wording of the applicable JOAs, which were both based on the American Association of Petroleum Landmen Model Form Operating Agreement 610-1982. Smith”) was the operator of the Bloomberg oil and gas lease, whose operations were governed by two JOAs. Smith Production Inc.,
DNO ASA , the Norwegian oil and gasoperator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. Operational Overview Production decline in Q4 attributed to truck transport disruptions in October. Genel Energy International: 25% interest.
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