Oryx Petroleum Makes Oil Discovery

By John Lee.

Oryx Petroleum has announced two positive updates on its operations in the Hawler license area in Iraqi Kurdistan, in which the company has a 65 perccent participating and working interest:

  • Testing of the DD-4 appraisal well on the Demir Dagh field  achieved expected flow rates and confirmed reservoir and fluid characteristics. Henry Legarre (pictured), Oryx Petroleum’s Chief Operating Officer, stated:

    We are pleased with the successful testing of the DD-4 appraisal well, the first appraisal well to complete drilling and testing on the Demir Dagh field. Overall, the results confirm those of the Demir Dagh discovery with good flow rates, similar fluid characteristics and reservoir properties as observed in Demir Dagh-2.

  • Testing of the BAN-1 exploration well has confirmed the Corporation's fourth consecutive oil discovery in the Hawler license area. Henry Legarre commented:

    “We are very pleased with the drilling and test results of the BAN-1 exploration well. We successfully flowed oil from the well´s primary targets in the Cretaceous and Lower Jurassic reservoirs.

    "In addition, we encountered and flowed hydrocarbons to the surface in the Triassic Kurra Chine formation and established the presence of hydrocarbons in the Tertiary Pila Spi formation. Given the down-dip location of the well, these results underline the significant potential that exists up-dip of the BAN-1 well. 

    "We are now accelerating plans to drill an appraisal well targeting the crest of the Banan structure in order to better understand the full potential of this discovery.”

(Source: Oryx Petroleum)

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