BIG WAVE
11-29-2005, 01:14 PM
Erbil, 29 Nov. (AKI) - A Norwegian oil company has begun oil prospecting in Iraqi Kurdistan in what's believed to be the first drilling by a foreign group in the area since the fall of Saddam Hussein in 2003. The firm, DNO, said drilling in the well near the city of Koysanjak, some 70 kilometres from the regional capital Erbil, is expected to reach a depth of 3,000 metres within sixty days and that there were other reserves to be explored in the area.
The company said this was the first oil exploration undertaken following a production sharing agreement signed with the Kurdish authorities in June 2004.
http://www.adnki.com/index_2Level.php?cat=Business&loid=
The company said this was the first oil exploration undertaken following a production sharing agreement signed with the Kurdish authorities in June 2004.
http://www.adnki.com/index_2Level.php?cat=Business&loid=