Petrochina Acquires 25% Interest in the WQ1 TSC

Source: www.gulfoilandgas.com 11/28/2013, Location: Middle East

PetroChina Company Limited makes formal delivery for the acquisition, through its wholly-owned subsidiary, of 25% interests in the Technical Service Contract (TSC) for West Qurna-1 (WQ1) in Iraq held by the subsidiary of ExxonMobil.

The WQ1 oilfield is located about 50km to the northwest of Basra and close to the north of Rumaila field where PetroChina is operating in Iraq.

The entry into this WQ1 project will be beneficial for PetroChina to achieve synergies with its other projects in Iraq and can help the Company to develop a larger and stronger presence in the upstream operations in the Middle East and positively drive the Company to initiate a high-level starting and all-round strategic cooperation with other international oil companies in high-end oil markets.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


Brazil >>  6/24/2022 - Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed with BW Energy Maromba do Brasil Ltda (BWE), the contracts for ...
Brazil >>  6/23/2022 - Petrobras, following up on the release disclosed on 06/14/2022, informs that its Executive Board, in a meeting held, approved the sale of its total st...

Brazil >>  6/23/2022 - BW Energy has been notified that the Company’s offer to acquire the Golfinho and Camarupim Clusters offshore Brazil has been approved by the Petrobras...
Brazil >>  6/22/2022 - Petrobras, following up on the release disclosed on 07/28/2021, informs that the Administrative Council for Economic Defense (CADE), in a court sessio...

Canada >>  6/22/2022 - EverGen Infrastructure Corp., Canada’s renewable natural gas (“RNG”) infrastructure platform, announces that it has been featured in a broadcast via N...
India >>  6/21/2022 - The Board of ThomasLloyd Energy Impact Trust plc, the renewable energy investment trust providing direct access to sustainable energy infrastructure i...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.