Tag Archives | Shireen

Hess, Petroceltic Abandon Dinarta Licence

By John Lee. Irish-based Petroceltic International has announced that it and its partner Hess will abandon their Dinarta licence in the Kurdistan Region of Iraq. The company told the stock market: "As previously announced on 15 January, drilling operations on the Shireen-1 exploration well in the Dinarta licence (Hess ... (Operator) 64%, Petroceltic 16%, and […]

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 […]

Petroceltic Switches Focus to Dinarta

By John Lee. In its interim results on Wednesday, Petroceltic gave an update on its operations in Iraqi Kurdistan. The company, along with Hess (as operator) has been active in the Kurdistan Region since 2011 when the Shakrok and Dinarta blocks were awarded with Petroceltic holding a 16% interest in each. Activity for the first […]

Petroceltic Abandons Shakrok-1, Shares Slump

By John Lee. Shares in Irish independent oil and gas exploration company Petroceltic International closed down 9.6 percent on Monday, following the company's update on its operations in the Kurdistan Region of Iraq. On the Shakrok licence (Petroceltic 16%, Hess (Operator) 64% and Kurdistan Regional Government 20%), the Shakrok-1 well reached its total depth of […]

Petroceltic Update and Guidance

By John Lee. Petroceltic International has provided an operational update today together with guidance for its 2014 production outlook and exploration and development work programmes. Highlights 2013 production in-line with guidance at 25.2 Mboepd; 2014 forecast production range of 20.0 to 22.0 Mboepd Shakrok well in Kurdistan Region of Iraq drilling ahead at 1818 m […]

Petroceltic Results and Operational Update

Petroceltic International, the independent oil and gas exploration development and production company focused on the Middle East North Africa, the Mediterranean and the Black Sea regions, today announces its results for the six month period ended 30 June 2013. Highlights: High impact drilling campaigns in Kurdistan and Romania recently commenced $500 million debt refinancing Agreement […]