LUKoil starts exploration drilling in Iraq

LUKoil starts exploration drilling in Iraq
# 25 October 2011 19:18 (UTC +04:00)
Baku-APA. Russia’s largest private oil firm LUKoil has launched exploration drilling on the giant West Qurna-2 oilfield in Iraq, company head Vagit Alekperov said on Tuesday, APA reports quoting RIA Novosti.

"We have launched drilling, well borers are already there," Alekperov told reporters.

In 2009, a consortium comprising LUKoil and Norway’s Statoil won a tender to develop one of the world’s largest oilfields West Qurna-2, whose recoverable reserves are estimated at 12.9 billion barrels of oil. However, work on the deposit did not start because of the launch of military operations in the country.
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THE OPERATION IS BEING PERFORMED