Tag Archives | Abu Dhabi National Energy Company (TAQA)

Atrush First Oil on Schedule

By John Lee. TAQA, the Abu Dhabi National Energy Company, has said that first oil from its Atrush Block in Iraq is on schedule for late 2015. The company said that operations have resumed following a brief interruption to drilling activities after increased regional instability in August. (Source: TAQA)

ShaMaran Restarts Drilling at Atrush

By John Lee. ShaMaran Petroleum has announced the resumption of drilling operations on the Atrush block in the Kurdistan Region of Iraq. Drilling operations at the Chiya Khere-8 development well were suspended for a total of 21 days by TAQA (the Abu Dhabi National Energy Company), operator of the Atrush Block, as a precautionary measure, […]

TAQA Adjusts Iraq Strategy

By John Lee. In an effort to improve cash flow, the Abu Dhabi National Energy Co. (TAQA) have ended acquisition plans for some projects in Iraq and India.Security does not appear to have been a factor in the company's decision regarding an Iraq based project. However, the company are taking some precautions with ongoing oil […]

ShaMaran Petroleum Drilling Update

ShaMaran Petroleum has provided an operational update on the Atrush development in the Kurdistan Region of Iraq. The Chiya Khere ("CK-5") development well was spudded on May 16, 2014 using the DQE31 drilling rig and reached Total Depth of 2098 metres Measured Depth (1744 metres True Vertical Depth) in the Butmah formation on June 28, […]

UAE Assures Project Implementation in Kurdistan

The United Arab Emirates Deputy Minister of Economy and Trade, Abdullah Saleh, visited the Kurdistan Region this week to attend the 2014 TradeUAE Iraq conference in Erbil. The conference included 115 Emirati companies specializing in a wide range of sectors, including energy, the food industry, petrochemicals, construction, as well as companies offering banking and communications […]

ShaMaran Announces Atrush-4 Test Results

By John Lee. ShaMaran Petroleum has announced the results of the Atrush-4 appraisal/development well (“AT-4”) drilled in the Kurdistan Region of Iraq. The AT-4 well was spudded on October 20, 2013 using the DQE31 drilling rig and reached Total Depth of 2916m MD on January 23, 2014. The well was deviated well from the AT-1 […]

ShaMaran Announces Reserves and Resources

ShaMaran Petroleum has reported initial recognition of reserves as well as updates to estimated contingent resources and prospective resources for the Atrush block as of December 31, 2013. The reserves and resources estimates were provided by McDaniel & Associates Consultants Ltd., the Company's independent qualified resources evaluator, and were prepared in accordance with standards set […]

KRG Approves Development of Atrush

By John Lee. ShaMaran Petroleum has announced that the Atrush partners have received approval from the Kurdistan Regional Government (KRG) for the first phase in the development of the Atrush Block. The TAQA-operated Block, located 85 km northwest of Erbil, is expected to initially produce approximately 30,000 barrels of gross oil per day (bpd) with […]

ShaMaran Petroleum Announces Results

By John Lee. ShaMaran Petroleum has announce its financial and operating results for the three and six months ended June 30, 2013. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). Highlights A Field Development Plan for the Atrush Block was submitted for […]

TAQA Appoints New MD for Iraq

By John Lee. The Abu Dhabi National Energy Company (TAQA) has appointed Leo Koot as Managing Director of TAQA in Iraq. Mr Koot will be responsible for all of TAQA’s operations in Iraq. He joined TAQA in 2008 and is a Dutch national. David Cook (pictured), TAQA Executive Officer and Head of Oil and Gas, […]

ShaMaran Full Year Results

ShaMaran Petroleum has announced its financial and operating results for the year ended December 31, 2012. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States Dollars. Highlights The Company announced on February 4, 2013 an increase of 35% in Best Estimate 2C Contingent Resources […]