MOL tests Bijeel oil finds in Iraq Kurdistan

Oil & Gas Journal – 10 March

A unit of MOL Hungarian Oil & Gas PLC has gauged oil and gas at the Bijeel-1 exploratory well in Iraqi Kurdistan, the well, in the east-central part of the 889 sq km Akri Bijeel block, flowed at rates of as much as 3,200 b/d.

MOL’s Kalegran Ltd. has an 80% undiluted equity working interest in the block, and Gulf Keystone Petroleum Ltd., Hamilton, Bermuda, has 20%.

After completion of the full test cycle, drilling will resume from the present depth of 3,831 m to a final planned depth of 4,400 m pending actual well results, Gulf Keystone said.

The companies were awarded the Shaikan and Akri Bijeel blocks in late 2007, and in July 2009 Gulf Keystone announced the award of interests in production sharing contracts covering the Sheikh Adi and Ber Bahr blocks west of Shaikan.

Gulf Keystone will operate the 180 sq km Sheikh Adi Block with 80% interest, and Genel Energy International Ltd. will operate the 350 sq km Ber Bahr block with 40% interest and Gulf Keystone will have 40% interest.

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