The Wall Street Journal

Wildcatters Plunge Into North Iraq

'Easy Oil' in Kurdistan Spurs Westerners to Brave the Risks

TAWKE, Iraq -- The Canadians are squeezing oil from sand. The Brazilians want to nurse it up through miles of seawater, sandstone and salt. But here in the far north of Iraq, oil is literally bubbling to the surface.

Oil executives lament that the age of "easy oil" is over. It isn't over here. For companies that have stumbled into this corner of Iraq known as Kurdistan, it's an era that has just begun.

"Look at this," said Magne Normann, Middle East director for DNO International ASA of Norway, as he stood beside a pond of oil oozing up on ...

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