WesternZagos Resources said it has completed the transition of operatorship of the Garmian block in the Kurdistan Region of Iraq to Gazprom Neft.
The move was completed at the end of last month and was made pursuant to the terms of the Garmian Production Sharing Contract which mandated that Gazprom Neft assume operatorship during the development period of the contract.
Simon Hatfield, chief executive of WesternZagros, said: “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 Oilfield.”
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