Well No. 7-ping1 in Gudong Oilfield isthe firstoffshore well produced onshore, the oil productionof which is 6times more thanconventionalvertical Wells.
The company holds stakes in 17 licences in exploration, development and production both onshore and offshore in the Kurdistan region of Iraq, as well as in Yemen, Oman, the United Arab Emirates and Tunisia.
While the regulatory headwinds that are keeping offshore wind production at bay are easing, the bigger gusts involve getting the financing needed to go ahead, as well as to conquering some of the technical hurdles.