Gulf Oil and Gas accountACCOUNT

Successful Spudding of First Well in Kurdistan

Source: www.gulfoilandgas.com 4/28/2009, Location: Middle East

Gulf Keystone Petroleum Ltd., an independent oil and gas exploration and production company with assets in Algeria and the Kurdistan Region of Iraq ("Kurdistan"), provides the following update with respect to its activities in Kurdistan.

Gulf Keystone is pleased to announce that drilling activities have now commenced in Kurdistan and just before midnight on the 27th April the Company spudded its first exploration well, Shaikan-1, on the Shaikan Block.Drilling is anticipated to take 4 to 5 months to complete.

The Shaikan Block is situated near the city of Dihok, approximately 85 kilometres North-West of Erbil and covers an area of 283 square kilometres.The Shaikan-1 well is being drilled in a proven hydrocarbon area, in reasonable proximity toother successful discovery wells. The Shaikan Block lies directly between the Tawke and Taq Taq oil fields and in an area of active oil seeps.Shaikan-1 is targeting multiple horizons ranging from 600 metres to approximately 3,000 metres in depth. In the event of a discovery well being drilled, the multiple horizons have aggregate anticipated in place reservoir volumes in the range of 2 billion barrels of oil* as estimated by the Gulf Keystone technical team**.

Upon completion of the Shaikan-1 well the commitments under the first phase of the PSC will have been completed with an option to enter into phase 2.

Mr.Todd Kozel, Executive Chairman of Gulf Keystone, commented:
"The spudding of our first well in Kurdistan is perhaps one of the most significant milestones in the Company's history to date. Given the multiple target horizonsand the 2 billion barrels anticipated in place reservoir volumes, this is clearly an exciting moment for Gulf Keystone"

Drilling & Well Services >>

Drilling & Well Services News in Iraq >>

Oman >>  7/17/2019 - JGC Corporation (hereinafter referred to as "JGC") announced today that it has been awarded a Front End Engineering and Design (FEED) contract under a...
Saudi Arabia >>  7/10/2019 - McDermott International, Inc. (MDR) has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco's Marjan Increment Development...

Saudi Arabia >>  7/9/2019 - Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri incr...
Kuwait >>  7/1/2019 - Kuwait Oil Company (KOC) and Halliburton have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) e...

Saudi Arabia >>  7/1/2019 - Saudi Aramco and Baker Hughes, a GE company (BHGE) signed a memorandum of understanding to create a new joint venture facility in Saudi Arabia to man...
United Arab Emirates >>  7/1/2019 - DP World PLC announces the acquisition of 100 per cent of Topaz Energy and Marine Limited (“Topaz”) from Renaissance Services SAOG and Standard Charte...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

Oil & Gas Projects in Iraq >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.