Tag Archives | Garmian

Human Rights Training for Police Officers in Garmiyan

Police officers in Garmiyan [Garmian] Administration have completed a two-day training course organized by the United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) on core human rights principles relating to police work. The training course on 18 and 19 September, entitled “Rights of Persons Under Investigation,” was part of a series of […]

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Gazprom Neft commissions Second Well at Sarqala

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI). The new well is currently producing 11,000 barrels per day (bpd), with potential to increase this to 15,000. Total daily production at […]

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Petrofac in Kurdistan Deal with Gazprom Neft

Petrofac has secured a three-year master services agreement (MSA) to support Gazprom Neft Middle East B.V. with the provision of engineering services on a call-off basis for the Garmian field in the Kurdistan region of Iraq. The MSA was secured following a competitive tendering process and augments Petrofac’s extensive footprint in Iraq, where it has […]

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WesternZagros Boosts Capacity at Garmian

By John Lee. WesternZagros Resources has announced that the operator has completed the installation of surface equipment to expand the Sarqala production facility. Current production for the Sarqala-1 well is approximately 9,500 barrels per day of oil, which is in line with the company’s first quarter guidance expectations. (Source: WesternZagros)

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WesternZagros Announces 42% Production Increase at Sarqala-1

WesternZagros Resources has announced that the operator, Gazprom Neft Middle East B.V. (“Gazprom Neft”), has successfully performed an acid stimulation on the Sarqala-1 well located on the Garmian Block in the Kurdistan Region of Iraq in order to increase the well productivity. The acid stimulation was completed on March 31, 2017 and Sarqala-1 is currently […]

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WesternZagros Announces increased Oil Reserves

WesternZagros Resources has announced a 60 percent increase in the company’s Proved plus Probable (“2P”) Reserves and a 250 percent increase in the net present value of the future net revenue of such reserves discounted at 10 percent (“NPV10”). The company has also provide d an Operational Update and confirmation of receipt of all proceeds […]

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WesternZagros Announces Results

By John Lee. WesternZagros Resources has announced its operating and financial results for the second quarter ended June 30, 2016. Commenting on the second quarter results and subsequent events, WesternZagros’s Chief Executive Officer Simon Hatfield said: “A significant key milestone was reached with the approval of the Garmian Field Development Plan confirming the commercial potential […]

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WesternZagros Resumes Production at Garmian

WesternZagros Resources has announced the resumption of crude oil production and sales from the Sarqala-1 well in the Kurdistan Region of Iraq. Sales are to be in accordance with the payment mechanism for crude oil sales announced by the Ministry of Natural Resources of the Kurdistan Regional Government on February 1, 2016 based on the […]

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Gazprom Updates on Iraq Ops

By John Lee. In a Management Report released to the markets, Gazprom gave the following update on its operations in Iraq: The Badrah field (pictured) (30% held by Gazprom Neft Group): In 2015 production was 1.4 million tons of oil, a level sufficient for the project to pay back. The Garmian block in Iraq (Kurdistan) […]

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Gazprom takes over as Operator of Garmian Block

WesternZagros Resources has announced that the transition of operatorship of the Garmian Block in the Kurdistan Region of Iraq (“KRI”) from WesternZagros to Gazprom Neft Middle East B.V. was completed effective February 29, 2016. The agreement does not involve any change of working interest in the production license. This transition was made pursuant to the […]

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WesternZagros Reviews Financing

By Simon Kent. WesternZagros Resources has announced that an agreement has been reached with its major shareholder, Crest Energy International to defer the latest first drawdown notice date under the first tranche of its US$200 million unsecured credit facility from the original date of January 1, 2016 to May 1, 2016. The Company felt it […]

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WesternZagros Updates on Kurdistan Ops

WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]

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