Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Jobs | Dining Club

Oil & Gas
Drilling & Production
Return to: EBR Home | Oil & Gas | Drilling & Production

Gulf Keystone gets approval to transfer interest in Algerian permit

EBR Staff Writer Published 03 February 2012

Gulf Keystone Petroleum has obtained all necessary government approvals to transfer its interest in an Algerian permit.

The company will transfer its right, title and interest in the Hassi Ba Hamou permit to the operator BG Group and Sonatrach.

This development is in line with Gulf Keystone's plan to undertake a gradual strategic exit from Algeria in order to focus on its operations in the Kurdistan Region of Iraq.

Gulf Keystone executive chairman and CEO Todd Kozel said the company is firmly focused on its operations spanning four exploration blocks in the Kurdistan Region, including the Shaikan discovery, where the 2012/13 high impact drilling campaign is currently underway following excellent results achieved in 2011.

Comments
Post a comment

Comments may be moderated for spam, obscenities or defamation.