Your account already exists. Please login first to continue managing your settings.
Chevron Corp. announced that its subsidiaries have completed a transaction to acquire interests in two blocks in the Kurdistan region of Iraq.
Chevron will acquire Reliance Exploration & Production DMCC’s 80 % interest and operatorship of the production-sharing contracts covering the Rovi and Sarta blocks. The blocks are located north of Erbil and cover a combined area of approximately 1,124 sq km (490 sq miles).
Chevron subsidiaries will partner with OMV Rovi GmbH and OMV Sarta GmbH, which hold 20% interest in the Rovi and Sarta PSCs, respectively.