Oryx Petroleum to drill third Well at Zey Gawra

The Corporation is reviewing the circumstances of the water breakthrough at the Demir Dagh-3 well to determine what remedial action, if any, may be attempted. The loss of production from the Demir Dagh-3 well has been offset by the addition of production from the Zey Gawra-1ST well. Current gross (100%) production from the Hawler license area is approximately 3,000 bbl/d.

A 3D seismic survey in the AGC Central license area is in progress and is expected to be completed before the end of January. Approximately 2,000 km2 of 3D seismic data will be acquired and the data will be processed and interpreted in the first half of 2017.

Commenting today, Oryx Petroleum’s Chief Executive Officer, Vance Querio, stated:

“We are very pleased to announce the successful completion of the Zey Gawra-1ST well. Export of the oil is proceeding smoothly. Preparations are underway to drill the third well in the appraisal and initial development of the Zey Gawra field before the middle of this year.

"This well will appraise both the Tertiary and Cretaceous reservoirs at Zey Gawra, but we intend to complete the well as a second Cretaceous producer from the Zey Gawra field.”

(Source: Oryx Petroleum)

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