Iraq Business News: Oil & Gas

JUNE 17, 2025

During a site visit to rig IDC 59, Khalid Abbas Ali, Head of the First Drilling and Workover Department, explained that well R-839 is the first to be drilled under this contract for Halliburton, which operates under a day-rate system in the BECL-operated field. Preparations are under way to install 9 casing.

Workover 64

Workover Field Completion Operator 64

Drillers

MARCH 31, 2021

As the situation is now, it will not be economically sustainable for operators to perform P&A operations conventionally. The best way for P&A operations to become more economically viable is through advances in technology. Category C: Drilling rigs capable of performing all well operations through marine riser and BOP.

Abandonment 52

Abandonment Workover Temporarily Abandoned Operator 52

The Energy Law

JANUARY 26, 2016

The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. 2] Implicit in the term “paying quantities” is the requirement that the lessee show a profit, meaning production revenues must exceed “operating expenses.” [3]

Oil 40

Oil Exploration and Production Gas Operator 40

The Energy Law

MARCH 3, 2016

While not particularly groundbreaking, Middleton does provide further guidance to mineral lessees and litigators with respect to the relevant factors and time period considered in a paying quantities case. The court further instructed that the fact finder must consider: “all matters which would influence a reasonable and prudent operator.

Exploration and Production 40

Exploration and Production Operator Workover E&P 40

Producer's Edge

APRIL 22, 2025

Background of the Dispute In this case ( Lario Oil & Gas Co. Thereafter, Black Hawk began a workover job on the Peggy 101 Well to replace an electric submersible pump (ESP), during which they encountered issues with well pressure and corroded tubing. Black Hawk) entered into a Master Service Agreement (MSA).

Workover 52

Workover Casing Oil Gas 52

The Energy Law

JUNE 12, 2017

1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] Tauren Exploration, Inc. , 4] $242,029.26 6] $936,803.00

Royalty 40

Royalty Exploration and Production Royalty Interest Casing 40