Iraq: Heavy oil prospect resource put at 1.2 billion bbl

By OGJ editors
HOUSTON, July 26
– Consultants estimated a midrange 1.233 billion bbl of heavy oil in place and a contingent resource of 141 million bbl potentially recoverable on the North Salah ad Din prospect in northern Iraq, said Sonoro Energy Ltd., Calgary.

Sonoro has 70% working interest in the Salah ad Din license, 175 miles north-northwest of Baghdad, and Berkeley Petroleum Mesopotamia Asphalts Ltd. has 30%.

The independent resource evaluation was limited to asphalt of less than 25° gravity in the Tertiary Jeribe formation to a maximum depth of 450 m on the prospect in the Shirqat district. Sonoro expects to spud three appraisal wells on the prospect starting in September 2011.

The company is identifying other exploration prospects on the license, said Richard Wadsworth, president and chief executive officer.

Related Articles

Investment opportunities emerge in Mexico's energy industry as legal reform advances

10/17/2014 With one third of the Mexican government's budget funded by Petróleos Mexicanos (Pemex), a decline in the state-owned oil company's production hits...

Marathon Oil sees promise in Oklahoma's Scoop, Stack plays

10/16/2014 Marathon Oil Corp. is using extended-reach laterals to improve initial production rates in the emerging South-Central Oklahoma Oil Province (Scoop)...

Prices and potential

10/13/2014 If prices of crude oil continue to slide, oil production in the US very likely will follow. Naysayers then will claim vindication for their gloom a...

Encana to acquire Athlon Energy in $7.1 billion deal

10/13/2014 Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected