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WesternZagros Resources Ltd confirms transfer of Garmian operatorship to Gazprom

Gazprom will now operate the project during the development period of the contract.
WesternZagros Resources Ltd confirms transfer of Garmian operatorship to Gazprom
WesternZagros has 40% of Garmian.

WesternZagros Resources Ltd (CVE:WZR) has confirmed that operatorship of the Garmian block, in the Kurdistan region of Iraq, has now been transferred to Gazprom.

The change in operatorship does not involve any change of working interest in the production licence, the company said.

Gazprom Neft Middle East BV will now operate the project during the development period of the contract.

"We now look forward to Gazprom Neft bringing its extensive technical and operational expertise in crude oil production, refining and marketing as the joint venture continues the development of the Sarqala oil field," said Simon Hatfield, Western Zagros chief executive.

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WesternZagros Resources Timeline

Article
November 13 2015

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