Declaration of Commercial Discovery submitted for MOL block in Iraq
Hungarian oil and gas company MOL on Friday said a Declaration of Commercial Discovery was submitted for the Shaikan Block, in which it has a stake, in the Kurdistan Region of Iraq. The declaration, with effect from August 1, 2012, was submitted to the Shaikan Block Management Committee. A Field Development Plan is to be turned in to the committee within 180 days of the submission. MOL's unit Kalegran has a production sharing contract for the block with its operator Gulf Keystone Petroleum International.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.