Commercial Discovery in Demir Dagh 2 Well

Source: www.gulfoilandgas.com 2/10/2014, Location: Middle East

Oryx Petroleum Corporation Limited (Oryx Petroleum) announces that it has submitted a letter to the Kurdistan Regional Government of Iraq (KRG) and to the members of the Management Committee for the Hawler License Area, advising that Oryx Petroleum has determined that the Demir Dagh 2 well discovery is a Commercial Discovery pursuant to the terms of the Hawler Production Sharing Contract.

Oryx Petroleum is currently undertaking an extensive appraisal program in relation to the full Demir Dagh field, and will continue to undertake such appraisal activities through 2014, however, the Corporation has elected to declare commerciality at this time as it is proceeding to install and operate an early production facility on the Demir Dagh field, with production intended to commence in the second quarter of 2014.

CEO’s Comment
Commenting today, Oryx Petroleum’s Chief Executive Officer, Michael Ebsary, stated:
"We are very proud to declare commerciality for Demir Dagh and thus achieve another key milestone on our march towards first production and appraisal and development of the field. To declare commerciality for the field less than a year after discovery is a major achievement for our company and our partners in the Hawler License Area. We expect the rapid development of Demir Dagh to provide significant benefit to our stakeholders and to the people of Iraq."

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


Australia >>  7/4/2022 - Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on operations at...
United Kingdom >>  7/4/2022 - IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, has released an updated Investor Presentation incorporating ...

Kuwait >>  6/30/2022 - Dr. Muhammad Abdul Latif Al-Fares, His Excellency the Deputy Prime Minister, Minister of Oil, and Minister of State for Council Affairs, led the State...
Kuwait >>  6/30/2022 - Today, Thursday, the members of the (OPEC +) coalition decided to increase output by 648,000 barrels per day in August. Following the 30th ministerial...

Norway >>  6/30/2022 - The authorities have granted consent to start production from the Nova field in the North Sea. Nova will be developed with two seabed templates, one f...
United Kingdom >>  6/30/2022 - Serica Energy plc, announces that at the Annual General Meeting today, presentations will be made by both the Chairman, Tony Craven Walker, and the Ch...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.