Acquisitions and Divestitures News in Iraq

TotalEnergies Sells its Non-operated Interest in the Sarsang Oil Field
9/15/2022 - TotalEnergies has completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and ...
Genel Energy Provides Update on Bina Bawi and Miran PSCs
12/10/2021 - Genel Energy has provided an update on the Bina Bawi and Miran Production Sharing Contracts (‘PSCs’).

Further to Genel’s announcement of 20 August 2021 that notices of intention to terminat...
Genel Energy Provides Update on Bina Bawi and Miran PSCs
8/20/2021 - Genel Energy plc ('Genel') provides the following update on the Bina Bawi and Miran PSCs.

Genel has received notice from the Ministry of Natural Resources of the Kurdistan Regional Gov...
DNO Doubles Stake, Declares Commerciality at Kurdistan Baeshiqa License
8/3/2021 - DNO ASA, the Norwegian oil and gas operator, has announced that the Kurdistan Regional Government has approved the Company’s acquisition of ExxonMobil’s remaining 32 percent interest in the Baeshiqa l...
ShaMaran Acquires TotalEnergies Interest in the Sarsang PSC in Kurdistan
7/12/2021 - ShaMaran Petroleum has signed an agreement with a subsidiary of TotalEnergies to acquire its affiliate (TEPKRI Sarsang) holding an 18% non-operated participating interest in the Sarsang Production Sha...
DNO Increases Stake in Kurdistan’s Baeshiqa License
2/11/2021 - DNO ASA, the Norwegian oil and gas operator, has announced the acquisition of ExxonMobil’s 32 percent interest in the Baeshiqa license in the Kurdistan region of Iraq, doubling DNO’s operated stake to...
Receipt of Payments for KRI Oil Sales
5/28/2020 - Genel Energy plc ('Genel') announces that payments have been received from the Kurdistan Regional Government for oil sales during April 2020. ...
Marathon Oil Closes Kurdistan Divestiture
6/2/2019 - Marathon Oil has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first quarter 2019 production averaged 2,400 net barrels of oil equivalent per day (100% o...
ShaMaran Completes Acquisition and Provides Production Update
5/31/2019 - ShaMaran Petroleum Corp. (ShaMaran) is pleased to announce the completion of its acquisition of an additional 7.5% participating interest in the Atrush Block, previously announced on April 3, 2019, br...
Genel Energy Provides Update on Sarta and Qara Dagh
2/28/2019 - Genel Energy plc has announced that approval has been given by the Kurdistan Regional Government ('KRG') regarding the acquisition of stakes from Chevron in the Sarta and Qara Dagh blocks, in the Kurd...
Genel Energy Acquires Stakes in Chevron Operated Blocks in the KRI
1/21/2019 - Genel Energy plc has reached agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq. ...
ShaMaran Acquires Larger Stake in Atrush Block
11/18/2018 - ShaMaran Petroleum Corp. refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agre...
Kuwait Energy Appoints Adviser as It Looks to Sell Iraq Asset
5/20/2018 - Kuwait Energy, an independent oil and gas company, has hired investment bank Perella Weinberg Partners (PWP) to advise it on options that could include selling all or part of its Block 9 asset in sout...
Shell to Sell West Qurna 1 Oilfield Stake to Itochu Corporation for $406M
Shell to Sell West Qurna 1 Oilfield Stake to Itochu Corporation for $406M 3/23/2018 - Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of...
Saudi's SABIC in Talks to Join Shell in Iraq's Nebras Petchem Project
2/27/2018 - Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, is in talks to become a partner in Iraq’s Nebras petrochemical project, an advisor to Iraqi Prime Minister Haide...
Iraq Oil Ministry Starts Taking over Majnoon Oilfield Operations
12/21/2017 - Iraq’s oil ministry said it had started to take over operations of Majnoon oilfield from Royal Dutch Shell and planned to lift output in future. The ministry said it had formed a management team to ha...
Iran Signs Oil Swap Deal with Iraq Soon
12/3/2017 - Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. The announceme...
Shell to Hand Over Iraq's Majnoon Oilfield by End June 2018
11/8/2017 - Oil major Royal Dutch Shell has agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, two oil officials close to the deal said. ...
Shell to Withdraw from Iraq's Majnoon Oilfield
9/12/2017 - Royal Dutch Shell is seeking to sell Iraq’s Majnoon oilfield and the oil ministry has started preparations to finalize its exit, according to an oil ministry letter and oil officials. A letter signed ...
DNO Increases Stake at Tawke Oilfields in Kurdish Region of Iraq
8/24/2017 - DNO ASA, the Norwegian oil and gas operator, has been assigned the 20 percent interest in the Tawke license held by the Kurdistan Regional Government as part of a landmark settlement of outstanding re...

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