Excalibur is suing Gulf Keystone Petroleum (GKP) over Kurdistan's 11-billion-barrel Shaikan oil field in a vigorously-contested lawsuit. The company had a "collaboration agreement" with Texas Keystone, a private company owned by GKP's chairman Todd Kozel and his brothers, giving it 30pc of fields won in any joint bids. According to London's Telegraph, Excalibur, which introduced […]
CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that wholly-owned subsidiary Rotary Drilling Company commenced with the provision of drilling services for Kalegran Limited, a wholly-owned subsidiary of MOL Hungarian Oil and Gas Company. Drilling services are being provided with Rotary 2000 HP drilling rig Rotary 67 (pictured). The Bekhme 1 […]
Gulf Keystone Petroleum (LSE: GKP) has announced an update on its Shaikan-3 Shallow Appraisal Well. Following completion as a Sargelu/Alan formation producer and as a result of an acid treatment, Shaikan-3 has achieved a rate of 9,800 bopd. The stabilized flow rate was recorded on a 128/64th inch choke with a flowing tubing pressure of […]
Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]
MOL Hungarian Oil and Gas has informed the markets that, further to its recent notification on 8 November 2010 on the test results, it has submitted the Discovery Report on the Bijell-1 exploration well to the Ministry of Natural Resources of the Kurdistan Region of Iraq. As previously announced, 3,743 bbl/d 13° API oil and […]
Bijeel-1 Discovery Well Update Gulf Keystone notes the announcement made today by MOL Hungarian Oil & Gas Plc regarding the successful end of testing of the Bijeel-1 discovery well, in which Gulf Keystone holds a 20% Working Interest. Highlights: The cased hole test, performed at a depth of 3,804 - 3,967 meters in the Jurassic […]
MOL Hungarian Oil and Gas Plc. has informed the markets that it has finished the testing of the first well, Bijell-1 in Akri-Bijeel Block in the Kurdistan Region of Iraq. The cased hole test performed in the depth of 3,804 – 3,967 m from Jurassic formations produced 2,700 bbl/d 12-13 °API oil through 40/64” choke. […]
