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.

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