Maersk Oil Acquires 20% Interest in HKN Energy - The Deal Marks Maersk Oil’s Entry Into the Kurdistan Region in Iraq - Deal Analysis From GlobalData
Maersk Oil completed the acquisition of a 20% stake in HKN Energy Ltd. (HKN Energy) from Hillwood International Energy. Notably, HKN Energy has only one asset - Sarsang license, located in the Kurdistan region in Iraq. HKN Energy holds a 75% interest in and operatorship of the Sarsang license area in northern Kurdistan, on the prospective Zagros Fold belt. The license covers an area of 340,000 acres (1,200 square kilometers).
Rationale behind Maersk Oil acquiring interest in Kurdistan,
Strategic benefits for the companies involved,
Geography covered -Iraq
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