Tag Archive | "oil discovery"

Oryx Petroleum Strikes Oil at Zey Gawra


By John Lee.

Oryx Petroleum today announced a successful oil discovery at Zey Gawra in the Hawler license area.

The ZEG-1 well was flow tested at an average rate of 4,800 barrels per day of light crude oil from an 81 metre column. A Notice of Discovery has been filed by the Corporation with the Kurdistan Region Government. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area.

Commenting today, Henry Legarre (pictured), Oryx Petroleum’s Chief Operating Officer, stated:

Hawler is proving to be a prolific license area. We are very pleased to have made our third consecutive oil discovery there this year, achieving excellent flow rates of high quality crude from the Cretaceous.

“More work needs to be done to confirm the size of the discovery but we believe it will be substantially larger than our pre-drill estimates. Importantly, the reservoir characteristics in the Cretaceous, notably the matrix porosity, confirm our experience with the other wells we have drilled in the Hawler license area.

“We are already planning our first Zey Gawra appraisal well and we are confident that the discovery will be established as commercial.

Full details can be found here.

(Source: Oryx Petroleum)

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Oryx Discovers Oil at Ain Al Safra


By John Lee.

Oryx Petroleum Corporation has announced the discovery and testing of crude oil at Ain Al Safra in Iraqi Kurdistan.

The Ain Al Safra discovery will be appraised in 2014 as part of the multi-well appraisal and development drilling program in the Hawler license area, where Oryx Petroleum is the operator and has a 65% participating and working interest.

Commenting today, Henry Legarre (pictured), Oryx Petroleum’s Chief Operating Officer, stated:

We are very pleased to make a second oil discovery on the Hawler license area. Based on the results of the recently completed test program at Ain Al Safra, we are proceeding with further analysis and appraisal to determine the size and quality of the discovery as well as its potential commerciality. We look forward to working with our partners to appraise this new discovery.

The full announcement can be downloaded here.

(Source: Oryx)

 

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New Oil Find in Iraqi Kurdistan


Gulf Keystone notes today’s update by MOL Hungarian Oil and Gas Plc., the operator of the Akri-Bijeel Block in the Kurdistan Region of Iraq (in which Gulf Keystone has a 20 per cent working interest), on its extensive exploration and appraisal programme.

Bakrman-1 Exploration Well Discovery

Bakrman-1, the first exploration well to target the Bakrman structure on the Akri-Bijeel Block, has made a new Triassic discovery. This is the second discovery on the block following the Bijell discovery made in 2010.

Bakrman-1 spudded in May 2012, 32 km to the north-west of the Bijell-1 discovery well. The well was drilled to a total depth of 4,100 metres in the Kurra Chine B formation in the Triassic, following which a well testing programme commenced, targeting reservoir zones in the Jurassic and Triassic. Two open hole tests and three cased hole tests have been performed to date. According to the operator, the second open hole well test performed at 3,930-4,100 metres MD (measured depth) in the Kurra Chine B formation in the Triassic resulted in calculated daily flow rates of approximately 2,616 barrels of light (32 to 35 degrees API gravity) oil per day and a gas rate of approximately 5.86 million standard cubic feet per day. The well testing programme is ongoing and is expected to be completed in April 2013.

Gulak-1 Exploration Well

Gulak-1, the fourth exploration well to be drilled on the Akri-Bijeel block and the first exploration well to target the Gulak anticline, spudded in July 2012 and has been drilled 21 km to the east from the Bijell-1 discovery well and 5 km to the south from the Bekhme-1 exploration well to a total depth of 3,641 metres in the Kurra Chine B formation in the Triassic. The well test programme, consisting of five tests, has now been completed. In the course of the DST#4 performed at 2,385-2,420 metres MD in the Sargelu and Naokelekan formations in the Jurassic, minor inflows of between 22-30 degrees API oil were encountered. Following the completion of the DST#5, it is proposed that the well will be suspended.

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More Details of Missan Oil Find


By John Lee.

The Missan Oil Company (MOC) has announced the completion of the exploratory oil well in the Deema-1 [Dima-1] formation.

Oil Minister Abdul Kareem Luaibi [Elaibi] said that the Deema oil field, which is located in Maysan governorate, was completed 100 percent successfully, and in a record time, without any problems by the MOC and the Iraqi Drilling Company (IDC), using the rig “Oil Well/21″.

The Minister said a giant reserve of light oil (API=31-33) was found in depth of 150 meters.

The MOC paid IDC $13,940,700 for drilling, hardware and operations, in addition to IQD 4,233,618,750 for the oil rig operation. And the project took 210 days to completion, which is considered a record time.

(Source: Ministry of Oil)

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Iraq Discovers Another Billion Barrels of Oil


By John Lee.

Iraq has announced that it has discovered deposits of crude oil equivalent to one billion barrels of oil, following the first exploration work by state-owned firms in almost 30 years.

The new oil find in Maysan [Missan] province, near the border with Iran, and could potentially make a significant addition to Baghdad’s reserves, which are currently listed as 143.1 billion barrels of oil and 3.2 trillion cubic metres (111.9 trillion cubic feet) of gas.

The Maysan Oil Company [Missan Oil Company] made the discovery south of provincial capital, Amara.

(Sources: AFP, Business Insider)

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New Oilfield Discovered in Maysan


By John Lee.

The Energy Committee of Maysan’s Provincial Council has announced the discovery of an oil field in Ezair district, 70 km southwest of the city of Amara (pictured).

The Committee’s Chairman, Amer Nasrallah, told NINA that an exploratory well had been drilled to a depth of 4,260 meters at the Deemeh field, and it is expected to discover large quantities of crude oil in various parts of the field.

He said the experts’ early information suggests that the field could contain about 10 billion barrels.

(Source: NINA)

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GKP Declares Commercial Discovery at Shaikan


By John Lee.

Shares in Gulf Keystone (GKP) were up more than 5% on Friday following the company’s submission of a ‘Declaration of Commercial Discovery’ relating to its Shaikan Block in Iraqi Kurdistan.

Todd Kozel (pictured), Gulf Keystone’s Executive Chairman and Chief Executive Officer commented:

Declaration of Commercial Discovery is an important milestone for Gulf Keystone. It marks the completion of the Shaikan appraisal programme and the move to the development of this world class discovery. Preparation of the Shaikan Field Development Plan is already well underway, which we look forward to submitting within the next 180 days.

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Afren Jumps 8% on Simrit-2 Oil Discovery


By John Lee.

Shares in Afren plc were up 8% on Thursday morning following the announcement that the Simrit-2 exploration well in the Kurdistan region of Iraq has been drilled to a depth of 3,800 metres and the total net oil pay has increased to 460 metres. In addition, a cumulative flow rate of 13,584 bopd has been achieved from three out of 12 zones to be tested.

Deepening of Simrit-2 well

Having previously encountered an estimated 409 metres of net oil pay throughout Cretaceous, Jurassic and Triassic reservoirs down to the initially planned total depth of 3,700 metres, Afren and operator Hunt Oil Middle East subsequently elected to deepen the well and continue drilling to a revised total depth of 3,800 metres in order to test additional prospectivity.

Analysis of data collected indicates the continual presence of light oil shows throughout the deepened section of the well, extending the estimated net pay encountered by the well to 460 metres. No oil water contact has been established in the target reservoirs.

Well test programme

Upon completion of drilling operations, an extensive well test programme commenced in June. It is the partners’ intention to conduct up to 12 separate drill stem tests (“DSTs”) throughout the Cretaceous, Jurassic and Triassic aged reservoirs.

To date, three DSTs have been completed at separate zones within the Triassic age Kurra Chine Formation, yielding an aggregate flow rate of 13,584 bopd of 39° API gravity oil.

Following completion of this first batch of DSTs, the partners will now switch the Viking-11 drilling unit for a work-over rig at the Simrit-2 location in order to complete the remaining nine planned DSTs.

The Viking-11 drilling rig will then be mobilised to commence drilling of the Simrit-3 exploration well in August. Afren has a 20 per cent. interest in the Ain Sifni PSC and is partnered by Hunt Oil Middle East (60 per cent. and operator) and the Kurdistan Regional Government (20 per cent.).

Osman Shahenshah (pictured), Chief Executive of Afren, commented:

The latest results on the Simrit-2 exploration well confirm the transformational potential of this discovery to Afren, further validated by the test results, suggesting excellent production capability.

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