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

OTC: Pemex preparing for cultural transition as Mexico reforms energy laws

05/06/2014 Mexico’s Petroleos Mexicanos (Pemex) is preparing for a major cultural transition while the country’s government moves to implement energy reforms ...

OTC: Nova Scotia seeks bids in active eastern Canada offshore

05/06/2014 Exploration and development remain brisk offshore eastern Canada, provincial officials reported May 6 at the Offshore Technology Conference in Hous...

Falcon farms out portion of Beetaloo basin permits

05/06/2014 Falcon Oil & Gas Ltd., Dublin, has farmed out a portion of its exploration permits in the Beetaloo basin onshore Northern Territory to South Af...

OTC: Ocean-bottom seismic improves resolution for offshore subsurface

05/05/2014 Streamer technology is not new, however, it has gone through many advances within the last 30 years. In 1980, 120 channels were considered advanced...

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