BP To Drill 80-100 New Oil Wells In Iraq’s Rumaila -Exec

Wall Street Journal – British oil major BP PLC (BP, BP.LN) and partners China National Petroleum Corp. (CNPC.YY) and Iraq’s state-run South Oil Co. expect to issue tenders to drill between 80 and 100 wells in the immense Rumaila oil field this year and next year, a company executive said Monday. Earlier this year, BP awarded three deals valued at least $500 million to drill…Read Article

Tags: Asia, energy & resources, Europe, Iraq