Development Drilling
In late October 2014 the EDC Romfor-22 rig spudded the Demir Dagh-10 ("DD-10") development well. The DD-10 well was drilled to the north of the main east-west fault and its primary objective is to build productive capacity from the Cretaceous reservoir. The DD-10 well reached a measured depth of 1,900 metres in mid-November.
The rig spudded the Demir Dagh-11 ("DD-11") well in late November from the same drillpad as the DD-10 well and its primary objective is also to increase productive capacity from the Cretaceous reservoir. The DD-11 well has reached a measured depth of 900 metres and is expected to reach a total measured depth of 2,300 metres in late 2014/early 2015. Upon completion of drilling at the DD-11 well both the DD-10 and DD-11 wells will be tested. Observations during drilling and data collected to date have largely been consistent with expectations.
The KS Discoverer-1 rig spudded the Demir Dagh-9 ("DD-9") development well in early November 2014 and reached a total measured depth of 2,100 metres in early December 2014. The DD-9 well was drilled from the Demir Dagh-3 ("DD-3") wellpad in the eastern portion of the Demir Dagh structure and its primary objectives are to obtain additional reservoir data as well as build productive capacity. The testing of the DD-9 well is expected to be completed before the end of 2014. The Group plans to drill seven additional development wells at the Demir Dagh field before the end of 2015.
Oryx Petroleum and its partners in the Hawler license area are in advanced stages of discussions with the Ministry of Natural Resources of the KRI regarding the field development plan for the Hawler license area and are close to agreeing on a plan that emphasizes rapid production growth. Rapid production growth from the Hawler license area will help the KRI meet its crude sales targets.
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