Commenting today, Henry Legarre (pictured), Oryx Petroleum’s Chief Operating Officer, stated:
“We are very pleased that production and sales are both increasing smoothly and we are pleased with the results of DD-6. We successfully flowed oil from the well´s primary target in the Cretaceous.
"The results confirmed the presence of similar crude qualities for the Cretaceous reservoir tested at other wells drilled at Demir Dagh. However, sustained flow rates achieved were less than expected despite high well productivity.
"We encountered some natural gas at the top of the perforation interval which restricted our ability to use high choke sizes. If we did not encounter the gas DD-6 would likely have been one of our most productive wells at Demir Dagh.
"We expect to spud DD-7 in the coming weeks and expect to drill three additional development wells at Demir Dagh this year in order to increase production capacity and continue delineating the field.
"Importantly, our operations remain largely unaffected by the security situation in northern Iraq, outside of the Kurdistan Region. We continue to vigilantly monitor the situation and implement measures to mitigate risks.”
Demir Dagh Production
As previously announced, production from Demir Dagh commenced June 13, 2014 from the Demir Dagh-2 well (“DD-2”) and is now producing at approximately 4,000 bbl/d. In the month of June approximately 38,000 barrels of oil were produced and approximately 31,000 barrels were lifted and paid for by a third party marketer per the previously announced crude sales agreement. Gross production is expected to be increased to 25,000 bbl/d by year end as facilities expansion continues and additional wells are connected to the facilities.
Comments are closed.