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Sunday, 26 March 2017

Frontier too far? Oil producers adjust to reduced hopes for Kurdistan

Frontier too far? Oil producers adjust to reduced hopes for Kurdistan:

"It was described by former BP chief executive Tony Hayward as the “one of the last great frontiers in the oil and gas industry”.

Back in 2011, when Mr Hayward made those remarks, the semi-autonomous Kurdistan region of Iraq was hailed as the energy sector’s new darling.

Excited tales about how Kurdistan was one of the cheapest places on earth to pump crude grabbed the attention of big energy groups such as ExxonMobil as well as small oil explorers including London-listed Genel Energy, which Mr Hayward chairs."



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