Gulf Keystone has proved the value of the giant Shaikan filed in Northern Iraq after conducting well appraisal tests at its Shaikan-2 well, drilling is also continuing apace at its Shaikan-4 well.
BP EOC’s offices in Moscow were raided by bailiffs as a result of a claim by Andrei Prokhov, a shareholder in TNK-BP. BP have initiated proceedings to cancel the enforcement of the claim as they believe it is totally unjustified.