Tag Archives | Taza

Asian Oilfield Services Completes Shakal Project

By John Lee. Reservoir imaging company Asian Oilfield Services Ltd has announced the successful completion of a 3D seismic survey for Gazprom in Iraqi Kurdistan. The company, based in Dubai, completed the survey of over 100 square kilometers at the Shakal License Block. It has previously worked at the Taza block in Kurdistan.

Drilling Continues at Taza-2 Well

By John Lee. Oil Search Limited has reported that the Taza 2 well in Kurdistan was drilled to a depth of 10,679 feet (3,255 meters), and the company was preparing to drill ahead in an 8.5 inch hole. During the week, the well penetrated the Jeribe Formation, encountering hydrocarbon shows in line with prognosis, and […]

ShaMaran Shares Fall as Total Buys Stake in Taza

By John Lee. Shares in ShaMaran Petroleum were down 13% on Monday following the announcement that the company has sold its entire 20% undivided participating interest in the Taza PSC (held by the fully-owned subsidiary ShaMaran Petroleum B.V.) to a subsidiary of Total S.A. for the cash sum of US$ 48 million plus a reimbursement […]

ShaMaran Petroleum Jumps 8% on Kurdistan Update

Shares in ShaMaran Petroleum jumped over 8% on Thursday following an update on operations the Atrush and Taza blocks in Iraqi Kurdistan: Taza ShaMaran reports that the Taza-1 well, located in the Taza PSC in the Kurdistan Region of Iraq, commenced drilling on July 3, 2012. The Taza prospect is located approximately 80 kilometres southwest […]

ShaMaran Posts Loss In First Quarter

ShaMaran Petroleum has announced its financial and operating results for the three months ended March 31, 2012: Highlights The Appraisal Work Program and Budget on the Atrush Block has been approved by the KRG. The Program consists of 3D seismic and a number of appraisal wells and studies. 3D seismic acquisition on the Atrush Block […]

ShaMaran to Relinquish Working Stakes in Kurdish PSCs

ShaMaran Petroleum has signed a final binding agreement with the Kurdistan Regional Government (“KRG”) to relinquish to the KRG the 60% working interests currently held in each of the Arbat and Pulkhana Production Sharing Contracts (“PSC”). Under the terms of the agreement the PSC for each of the Pulkhana and Arbat blocks is terminated whereby […]

ShaMaran Issues 3Q Results

ShaMaran Petroleum has announced its financial and operating results for the three and nine months ended September 30, 2011. Highlights A major oil discovery in the Atrush Block was announced by the Company on April 13, 2011. The Atrush 1 well flowed at rates totalling over 6,393 bopd of 26.5 API oil from three tests […]

New Production Sharing Contract for ShaMaran

ShaMaran Petroleum has announced that its wholly owned subsidiary ShaMaran Petroleum BV (“ShaMaran BV”) has exercised its option under an Option Agreement signed in July 2009 with the Kurdistan Regional Government (KRG), to enter into a Production Sharing Contract (PSC) in respect of the Taza Block (formerly Block K42) in the Kurdistan Region of Iraq, […]