MIDDLE East-focused Kuwait Energy is looking to farm out equity in its operated Block 9 in Basra province in southern Iraq to fund further work on the acreage.
The company is looking to divest up to 20% in the block with the intention of financing additional exploration drilling and an appraisal programme.
Industry sources told Upstream that the company has been discussing with Chinese oil and gas companies, including service contractors, the possible divestment of the block, which is already under early production.
Those
