Tag Archives | Atrush

Atrush Production expected this Summer

By John Lee. Oil production at the Atrush block is expected to start “around late June to August“, according to a report from Rudaw. The pipeline (pictured) from the oilfield, in Kurdistan’s Duhok governorate, is reported to be nearing completion, with initial production expected to be about 30,000 bpd. The website of the Abu Dhabi National […]

ShaMaran Shares Gain on Results

Shares in ShaMaran Petroleum gained 5 percent on Thursday after the company announced its financial and operating results for year ended December 31, 2016. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. Highlights and accomplishments included: Construction of the 30,000 bopd Atrush […]

TAQA Changes Iraq Leadership

The Abu Dhabi National Energy Company PJSC (TAQA) has announced the appointment of AbdulKhaliq Al Ameri as acting project director TAQA Iraq with immediate effect. Mr Al Ameri, previously deputy project director TAQA Iraq, will be responsible for the development of the Atrush block in the Kurdistan region of Iraq. He will report to Saeed […]

ShaMaran Arranges new Fundraising

ShaMaran Petroleum has announced that it that it has successfully completed the book build for the equity issue (the “Private Placement”) announced on January 19, 2017, on a private placement basis, of common shares of the Company (“Common Shares”). The pricing of the Private Placement was determined during the book-building process to be CAD 0.10 […]

ShaMaran Announces 3Q Results

ShaMaran Petroleum has announced its financial and operating results for the nine months ended September 30, 2016. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC […]

Atrush Oil Field to Start Production this year

By John Lee. In its results for the first quarter of 2016, the Abu Dhabi National Energy Company PJSC (TAQA) has said that its Atrush oil project in Iraqi Kurdistan is expected to commence oil production this year with a maximum gross capacity of 30,000 barrels per day. (Source: TAQA)

ShaMaran Loses $253m in 2015

ShaMaran Petroleum has announced its financial and operating results for the year ended December 31, 2015. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. Construction of the 30,000 bopd Atrush Phase 1 Production Facility (“Production Facility”) is in progress. Substantially all equipment […]

ShaMaran, TAQA, in Dispute over Atrush

Canadian-based ShaMaran Petroleum and TAQA, the Abu Dhabi National Energy Company, are in dispute regarding the Atrush block in Iraqi Kurdistan. In a statement to the markets on Monday, ShaMaran said that its wholly owned subsidiary, General Exploration Partners (GEP), has received a Default Notice from TAQA Atrush B.V., the Operator of the Atrush Block, […]

ShaMaran Announces Atrush Results

By John Lee. ShaMaran Petroleum has announced the successful testing and completion of the Chiya Khere-8 (“CK-8”) development well in the Atrush Block in the Kurdistan Region of Iraq. The CK-8 development well was drilled in the third quarter of 2014. The well was re-entered in July 2015 and two well tests (“DST”) using an […]

ShaMaran Shares Slide on Results

By John Lee. Shares in ShaMaran Petroleum were trading down 10 percent on the Vancouver stock exchange, following the announcement of its financial and operating results for the three months ended March 31, 2015: Production Facilities Implementation of the 30,000 bopd Atrush Phase 1 Production Facility is in progress. Construction has continued on foundations for […]

ShaMaran Updates on Reserves

By John Lee. ShaMaran Petroleum reports updates to estimated reserves and contingent resources for the Atrush block as of December 31, 2014. The reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. (“McDaniel”), the Company’s independent qualified resources evaluator, and were prepared in accordance with standards set out in the Canadian […]

ShaMaran Announces Successful Testing of Atrush-3

By John Lee. ShaMaran Petroleum has announced positive test results from the Atrush-3 well in the eastern part of the Atrush structure (Atrush Phase 2 appraisal area) in the Kurdistan Region of Iraq. Following the testing of the Chiya Khere-6 (“CK-6”) Phase 2 area appraisal well announced in January 2015, the drilling rig was skidded […]