PSCs

  • Prices, Laws and Inconclusive Results Drive Oil Firms Away from Kurdistan

    Prices, Laws and Inconclusive Results Drive Oil Firms Away from Kurdistan

    Thursday, 26th March 2015
    In light of the current low oil price environment, lack of conclusive well results to date and the limited time remaining in the current period of the Production Sharing Contract (PSC) for the Dinarta licence, Hess and Petroceltic have jointly elected to withdraw from the Dinarta licence without any further drilling.