Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Gulf Keystone Provides Kurdistan Operations Update

Source: www.gulfoilandgas.com 11/1/2010, Location: Middle East

Share |

Gulf Keystone announces the following update for the current exploration and testing activities in the Kurdistan region of Iraq:

Shaikan-3
The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth. Oil shows have been observed both while drilling and also in a core. The well bore is being conditioned prior to logging the well. Subsequently, the well will be drilled to TD and a 7-inch casing string will be run, finally, the pay interval will be tested.

Extended Well Test Facilities at Shaikan-1
A total of 10 truckloads of crude from the Shaikan-1 discovery well have now been sent to different refineries and oil processing plants in Kurdistan. The results of refined product yields from these product test runs continue to be analyzed, after which a domestic price will be set for the Shaikan, Sargelu crude oil.

Sheikh Adi-1
The well is currently drilling in the Cretaceous at 899 metres, measured depth. Oil shows have been encountered in a core taken in the top Cretaceous. In addition, oil shows have been seen in the surface returns whenever there have been full or even partial returns. Log evaluation also indicates high hydrocarbon saturations over a minimum gross interval of 50 metres in the first Cretaceous zone encountered. However, hole stability issues (swelling, unstable shales) preclude the possibility of a production test at this time, doing so would involve running an unplanned casing string thus jeopardizing our ability to reach the primary Jurassic and Triassic targets. Plans are to drill ahead to the primary targets and leave the Cretaceous intervals for later testing.

Bijeel-1
Kalegran, a 100% subsidiary of MOL, and the operator of the Akri-Bijeel block is continuing well test operations on the Bijeel-1 discovery well. Release of the Weatherford 842 drilling rig is scheduled for mid-November at which point the rig will move to the Shaikan-2 location and begin drilling the first deep appraisal well on the Shaikan structure.

Drilling Rig Tender
The GKP bid evaluation team is currently reviewing the eleven technical and commercial bid proposals that were received in response to the Company's tender. GKP expects to award a contract to the successful bidder during November. The selected rig will be used to drill the Shaikan-4 appraisal well.

Shaikan and Sheikh Adi 3D Seismic
Acquisition of approximately 525 square kilometers of 3D seismic data for the Shaikan block is 98% complete and data processing and evaluation have commenced. On Sheikh Adi, approximately 300 square kilometers of seismic data acquisition is 10% complete.

Commenting on announcement, John Gerstenlauer, Chief Operating Officer said, "We are very encouraged by the log results and oil shows seen thus far in the Sheikh Adi-1 exploration well. The well logs and oil shows in this well not only point towards significant potential in the Cretaceous but also serve to further de-risk the oil potential of at least the Jurassic age targets deeper in this well. In addition we have made significant progress in establishing a fair price for the Shaikan Sargelu crude oil in the Kurdistan market in preparation for routine domestic oil sales."

Exploration News in Iraq >>

Brazil won't Schedule Regular Oil-Rights Auctions
  Brazil >>  9/17/2014 - Brazil does not intend to schedule regular oil exploration and production rights auctions, the top petroleum official at the country's energy ministry...
Brazil Confident New Rules Will Protect Oil Rights
  Brazil >>  9/16/2014 - Brazilian regulators were confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies such...

Ophir Finds Gas Discovery in Block R
  Equatorial Guinea >>  9/16/2014 - Ophir Energy plc announces that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was...
Tethys Petroleum Limited Provided an Operational & Corporate Update
  Kazakhstan >>  9/16/2014 -  Operations

In Kazakhstan, work continues on the gas project with the dehydration equipment having now been successfully tested in ...


Brazil to Hold Oil Rights Auction in 1st Half of 2015
  Brazil >>  9/15/2014 - Brazil will hold a 13th round of oil rights auctions in the first half of next year in a sale that will include new areas in the country's promising E...
SOCAR Issues Tender for 600bcm of Two Caspian Sea Gas Deposits
  Azerbaijan >>  9/10/2014 - Azerbaijan state energy company SOCAR has issued a tender for the joint exploration of two major gas deposits in the Caspian Sea with total preliminar...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |

More News

Oil & Gas Projects in Iraq >>

Oil & Gas Companies in Iraq >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us