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Update on Bina Bawi Oilfield
Posted on 05 April 2013.
Austria’s OMV, the operator of the Bina Bawi field in the Kurdistan Region of Iraq, has today issued the following press release:
An extended well test (“EWT”) commenced production from the Bina Bawi-3 well on March 20, 2013. Furthermore the contractor group has submitted a Declaration of Commerciality for the field to the Ministry of Natural Resources of the Kurdistan Regional Government (KRG).
The initial capacity of the EWT from Bina Bawi 3 is around 5,000 boe/d with the potential to expand beyond this level to approximately 10,000 boe/d, as future wells become available. The Bina Bawi field, located east of Erbil, is operated by OMV which holds a 36% stake, 44% is held by Genel Energy plc and a further 20% by the KRG.
A further extensive testing programme will be planned on the Bina Bawi 4 and 5 wells during the course of 2Q/2013, and the contractor group will be moving ahead with the preparation of a Field Development Plan for submission to the Ministry of Natural Resources of the KRG in 3Q/2013.”
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Posted on 05 April 2013.
Austria’s OMV, the operator of the Bina Bawi field in the Kurdistan Region of Iraq, has today issued the following press release:
An extended well test (“EWT”) commenced production from the Bina Bawi-3 well on March 20, 2013. Furthermore the contractor group has submitted a Declaration of Commerciality for the field to the Ministry of Natural Resources of the Kurdistan Regional Government (KRG).
The initial capacity of the EWT from Bina Bawi 3 is around 5,000 boe/d with the potential to expand beyond this level to approximately 10,000 boe/d, as future wells become available. The Bina Bawi field, located east of Erbil, is operated by OMV which holds a 36% stake, 44% is held by Genel Energy plc and a further 20% by the KRG.
A further extensive testing programme will be planned on the Bina Bawi 4 and 5 wells during the course of 2Q/2013, and the contractor group will be moving ahead with the preparation of a Field Development Plan for submission to the Ministry of Natural Resources of the KRG in 3Q/2013.”
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