Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

DNO ASA , the Norwegian oil and gas operator, 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. 20+ well workovers and interventions.

Workover 52

Workover Operating Interest Field Pipeline 52

Oil Review Middle East

MARCH 10, 2025

Dubai-based Viking Completion Technology is expanding its operations in Saudi Arabia following successful results from trial projects The provider of well completion equipment and services deployed its well completion design, manufacturing, and service expertise for five projects across the Kingdom between September 2023 and November 2024.

Completion 40

Completion API Workover Manufacturing 40

Drillers

MARCH 31, 2021

As the situation is now, it will not be economically sustainable for operators to perform P&A operations conventionally. The best way for P&A operations to become more economically viable is through advances in technology. Category C: Drilling rigs capable of performing all well operations through marine riser and BOP.

Abandonment 52

Abandonment Workover Temporarily Abandoned Operator 52

The Energy Law Blog

APRIL 29, 2016

The lower court agreed with the plaintiffs, finding that, even if it were to consider the profit calculations put forth by the defendants, the unitized well holding the leases averaged a profit of just over $70 a month, and this minimal profit was not “sufficient to induce a reasonably prudent operator to continue production.”

Workover 40

Workover Operator E&P E&A 40

The Energy Law Blog

MARCH 3, 2016

First, the court recognized that the plaintiffs’ calculation of expenses included extraordinary expenses for the installation of a compressor and workover operations and instructed that “such nonrecurring expenses are not considered as operating expenses for the purpose of determining production in paying quantities.”

Exploration and Production 40

Exploration and Production Operator E&P Workover 40

The Energy Law Blog

JANUARY 26, 2016

The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. 2] Implicit in the term “paying quantities” is the requirement that the lessee show a profit, meaning production revenues must exceed “operating expenses.” [3]

Oil 40

Oil Exploration and Production Gas Operator 40

The Energy Law Blog

JUNE 12, 2017

The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. The mortgage provided that the mineral lessees could not enter into new operating agreements or amend existing operating agreements without written consent of the mortgagee. [14]

Royalty 40

Royalty Exploration and Production Royalty Interest Operator 40