Cosmo Oil ends production work on Qatar Block 11

07 November 2010

The company said it could not find enough oil reserves in the block

Japan’s fourth largest oil refiner, Cosmo Oil, has said it has given up on commercial production from the Block 11 offshore oil field in Qatar, Reuters has reported. The company said it could not find enough oil reserves in the block after two trial wells have been drilled. Cosmo’s wholly owned subsidiary, Cosmo Energy Exploration and Development, acquired a 29.5 per cent stake in the field in 2008.

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