Petroceltic, Hess Reviewing Options at Shireen

By John Lee.

Petroceltic International has given the following update this morning on its operations in the Kurdistan Region of Iraq:

"Further to the temporary suspension announced on 11 August, drilling operations resumed at the Shireen exploration well on 2 October 2014.

"Since recommencement, the well has encountered challenges with casing and cementing at high elevation and above the water table, which have been exacerbated by poor winter weather conditions.

"Options to resolve these issues are currently being reviewed by Hess as operator."

(Source: Petroceltic)