Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum, Reuters reported.

Crescent was the sole bidder for the Khashim Ahmer-Injana exploration block, which lies close to the Iranian border. It was the lowest bidder for the Gilabat-Qamar exploration block in Diyala province.

The company will take a 19.99% share of the net profits from Khasim and 9.21% from Gilabat-Qamar, according to ABC News.

Iraq opened the bidding for 11 new exploration blocks in border areas with Iran, Kuwait, and in offshore Gulf waters.