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Exploration

Completion of acquisition of an interest in Block C-10, Mauritania

Sterling Energy plc has completed the sale and purchase agreement between its wholly owned subsidiary, Sterling Energy Mauritania Ltd and Tullow Mauritania Ltd to acquire a 13.5% working interest in the production sharing contract for Block C-10.

 
 
 

Iraqi oil push offers opportunity

Hampered by budget deficit, the Iraqi government is ramping up efforts to increase the country’s oil production.

 
 
 
 
 

Lundin Petroleum spuds exploration well

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Norway AS, has begun drilling of exploration well 7130/4-1 on the Ørnen prospect.

 
 
 

A tough reality for the industry

Global challenges and new opportunities in the energy market will create a turning point for the industry.