The 3D seismic survey over the East Saiwan structure on Block 4 has been completed. The information is now being processed and new maps will be available shortly.
Africa Oil Corp. reports that the TSX Venture Exchange has accepted for filing documentation pertaining to the August 19, 2009 farmout agreement between Lion Energy Corp. ("Lion Energy") and Africa Oil.
Longford Energy announced that it has been recently appointed as the Operator of the Chia Surkh Block and plans to commence seismic acquisition during the second quarter of 2010.
BP announced that it's close to finish the founding of a $100 million facility that will be the site of the company’s first commercially produced heavy oil from Alaska's North Slope.
Gulf Keystone Petroleum said that it raised 16 million pounds ($24 million) to start the initial stages of its 2010 drilling program in Iraq, with expectations for the number to rise during the year.
Statistics showed that Oman oil production increased to an average of 849,400 barrels per day. It was also reported that Oman sold its oil at an average price of $77.64 per barrel in January, up from $73.40 per barrel a month earlier.
WesternGeco announced that the UniQ integrated point-receiver land seismic system has set a new industry record in Kuwait for Kuwait Oil Company (KOC) in acquiring data from 80,000 live digital point-receiver channels at a two-millisecond sample interval.
Aberdeen-based performance improvement business Exceed has worked closely with the team on a Transocean-owned rig to achieve significant operational benefits.