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.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.