Petrel to perform case study in Iraqi oil field

PETREL RESOURCES, the Dublin-headquartered oil exploration company, has signed a framework case study agreement with the Iraqi Ministry of Oil concerning the Merjan Oil Field area of the troubled country.

A four-person team from Petrel will undertake a seismic study of the area, basically to gain an understanding of what kind of oil capacity lies underground.

They will be accompanied by a team representing the Oil Exploration Company, an offshoot of the Iraqi Ministry of Oil.