In 2016, our presence in Iraq was focused on our Upstream business.
Net surface area
of mineral rights
As of December 31st, 2016, we owned mineral rights to two development blocks in Iraq, with a net surface area of 601 km2.
- In 2016, work continued in the project definition phase, analyzing and evaluating the viable development alternatives for the operated development blocks Kurdamir and Topkhana, where the company has stakes of 40% and 80%, respectively.
- In the first half of the year, the company withdrew from the Piramagrun and QalaDze exploration blocks with a 50% stake.
Information on net production, net proved reserves, and mineral rights as of December 31st, 2016