The number of inspections of North Sea drilling rigs is to be doubled following the massive oil leak in the Gulf of Mexico, which has cost BP more than £1billion.
Ramco Energy of Aberdeen said yesterday the joint venture between state-owned Iraqi Drilling Company and Ramco's 32.7%-owned Mesopotamia Petroleum had agreed a deal to explore for oil in the Middle Eastern country.
The Brae complex is currently celebrating 25 years of production, with substantially more oil and gas recovered from the various sister fields than anyone imagined was possible when Marathon chanced upon this asset in May, 1975, while drilling well 16/07-1 - the first on licence P108.
