KRG approves Iraq Atrush first phase oil development

The Kurdistan Regional Government has approved first-phase oil development of the Atrush block in Iraq’s Kurdistan Region by a group led by TAQA.

Production, authorized for 25 years, would start by early 2015 at 30,000 b/d of oil, and subject to appraisal drilling results, a potential Phase 2 development would include a second 30,000 b/d facility. The partners are preparing to drill a fourth well on the block.

The group drilled the Atrush-1 discovery well in 2011 about 50 miles northwest of Erbil. The development project will consist of drilling three production wells and constructing a central processing facility.

The partners will also evaluate the feasibility of producing associated gas for delivery to the domestic market.

TAQA Atrush BV, a subsidiary of TAQA, is the operator with a 39.9% working interest. ShaMaran Petroleum Corp., Vancouver, BC, has a 20.1% working interest through its wholly owned subsidiary ShaMaran Ventures BV, which is 100% owner of General Exploration Partners Inc. The KRG has 25%, and Marathon Oil KDV BV owns 15%.

Marathon noted that its asset portfolio in the Kurdistan region includes a 25% nonoperated working interest in the Sarsang block and a 45% operated working interest in the Harir and Safen blocks.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

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