Iraq has signed a contract with China’s CNOOC to conduct a seismic survey for two oil exploration blocks, the oil ministry said on Jan. 31.
The survey will include one offshore block in the Gulf and another near the border with Iran, the ministry said in a statement.
The offshore survey would be the first in Iraq’s territorial waters in the Gulf, said ministry spokesman Asim Jihad.
The onshore block near the border with Iran and the offshore block were among six which failed to attract bids from energy companies in a licensing auction held last year.
The oil ministry held an auction for international energy companies, with 11 blocks on offer near the borders with Iran and Kuwait and in offshore Gulf waters.
Iraq has boosted output rapidly in recent years with the help of foreign oil companies. It is OPEC’s second-largest producer behind Saudi Arabia.
Bellatorum Resources retained EnergyNet for the sale of Permian Basin royalty assets in Glasscock and Howard counties, Texas, through an auction closing Nov. 10.
Wagner Oil retained TenOaks Energy Advisors for the sale of four packages comprising South Texas, South Louisiana, Permian Basin and Delaware Basin royalty interests.
A private seller retained Detring Energy Advisors to market for sale the associated mineral interests of the historic Hanging H Ranch asset located in the Delaware Basin in Reeves and Loving counties, Texas.