Audit hikes Khor Mor, Chemchemal reserves

Reserves of Khor Mor and Chemchemal natural gas fields in the Kurdistan region of Iraq have been increased by 10% after an independent audit, reports a partner.

Reserves of Khor Mor and Chemchemal natural gas fields in the Kurdistan region of Iraq have been increased by 10% after an independent audit, reports a partner.

Dana Gas said the increase results partly from inclusion of Khor Mor oil reserves in the estimate.

Dana Gas and Crescent Petroleum, both of Sharjah, jointly operate the fields through Pearl Petroleum, in which they hold 35% interests each.

Pearl, also of Sharjah, announced expansion plans for the fields earlier this year (OGJ Online, Mar. 7, 2019).

Gaffney, Cline & Associates conducted the new reserves audit.

From results reported by Dana Gas net to its Pearl interest, proved and probable reserves of Khor Mor and Chemchemal fields are calculated to have increased to 3.106 billion boe from a 2016 estimate of 2.829 billion boe.

Gas reserves of the fields declined to 12.6 tcf from 15.1 tcf in 2016 while reserves of condensate increased to 389 million bbl from 311 million bbl.

The new report added proved and probable reserves of 38 million tonnes of LPG and 51 million bbl of oil.

Other Pearl partners are OMV, MOL, and RWEST, 10% each.

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