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Afren Updates on Kurdistan Operations
Posted on 23 August 2013
As part of its half-year results, Afren has issued the following update on its operations in Iraqi Kurdistan:
Barda Rash
Approximately 18,800 barrels of oil were held in storage during 1H 2013. Preliminary crude oil sales to the local market have commenced with initial sales of 1,300 bopd achieved since 8 July 2013. Production is planned to be initially ramped up to 5,000 as the surface facilities and well performance are stabilised and continuity of sales monitored.
The Partners commenced drilling on the BR-5 well in March 2013 using the Romfor-23 drilling rig which is currently drilling ahead at around 7,200 ft and commenced drilling the BR-4 in May using the Viking I-10 rig, which is currently drilling ahead at around 10,200 ft. The wells will test the Cretaceous, Jurassic and Triassic reservoirs previously identified on the structure.
Ain Sifni
During the first half of 2013, Operator Hunt Oil completed testing of the Simrit-2 well with aggregate flow rates of 19,641 bopd achieved from the planned Drill Stem Test (DST) programme. The well is currently being completed for an Extended Well Test (EWT) in the Jurassic age, Mus/Adaiyah reservoirs.
Produced crude is expected to be trucked to local markets. The Simrit-3 well, exploring the eastern extent of the large scale Simrit anticline reached a final maximum depth of 12,300 ft in the Triassic Kurra-Chine formation in 1H 2013 encountering hydrocarbon bearing intervals in the Cretaceous, Jurassic and Triassic reservoirs.
A multi-zone testing programme is underway to confirm the resource potential of the well. Results from the tests are expected to be available from the Operator shortly.
Operator Hunt Oil spudded the Maqlub-1 well testing the high potential Maqlub structure in June 2013. The drilling programme is expected to last 110 days followed by drilling at Maqlub-2. The Maqlub structure is located adjacent to the Barda Rash PSC and will be testing the Cretaceous, Jurassic and Triassic reservoirs.
Commenting today, Osman Shahenshah, Chief Executive of Afren plc, said:
“Afren continued to deliver strong operational results during the first half of 2013. We recorded a year-on-year increase in underlying net production of 13 per cent. principally from our green field developments offshore Nigeria.
“Our exploration campaign continues to deliver results, following the play opening discovery announced at OPL 310 offshore Nigeria, where further exploration drilling is ongoing. Elsewhere, we are continuing with exploration drilling and testing operations at the Ain Sifni PSC in Kurdistan.
“With high quality production underpinning both our strong financial position and exploration programme, we are well placed to realise numerous growth opportunities over the remainder of this year.“
(Source: Afren)
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Posted on 23 August 2013
As part of its half-year results, Afren has issued the following update on its operations in Iraqi Kurdistan:
Barda Rash
Approximately 18,800 barrels of oil were held in storage during 1H 2013. Preliminary crude oil sales to the local market have commenced with initial sales of 1,300 bopd achieved since 8 July 2013. Production is planned to be initially ramped up to 5,000 as the surface facilities and well performance are stabilised and continuity of sales monitored.
The Partners commenced drilling on the BR-5 well in March 2013 using the Romfor-23 drilling rig which is currently drilling ahead at around 7,200 ft and commenced drilling the BR-4 in May using the Viking I-10 rig, which is currently drilling ahead at around 10,200 ft. The wells will test the Cretaceous, Jurassic and Triassic reservoirs previously identified on the structure.
Ain Sifni
During the first half of 2013, Operator Hunt Oil completed testing of the Simrit-2 well with aggregate flow rates of 19,641 bopd achieved from the planned Drill Stem Test (DST) programme. The well is currently being completed for an Extended Well Test (EWT) in the Jurassic age, Mus/Adaiyah reservoirs.
Produced crude is expected to be trucked to local markets. The Simrit-3 well, exploring the eastern extent of the large scale Simrit anticline reached a final maximum depth of 12,300 ft in the Triassic Kurra-Chine formation in 1H 2013 encountering hydrocarbon bearing intervals in the Cretaceous, Jurassic and Triassic reservoirs.
A multi-zone testing programme is underway to confirm the resource potential of the well. Results from the tests are expected to be available from the Operator shortly.
Operator Hunt Oil spudded the Maqlub-1 well testing the high potential Maqlub structure in June 2013. The drilling programme is expected to last 110 days followed by drilling at Maqlub-2. The Maqlub structure is located adjacent to the Barda Rash PSC and will be testing the Cretaceous, Jurassic and Triassic reservoirs.
Commenting today, Osman Shahenshah, Chief Executive of Afren plc, said:
“Afren continued to deliver strong operational results during the first half of 2013. We recorded a year-on-year increase in underlying net production of 13 per cent. principally from our green field developments offshore Nigeria.
“Our exploration campaign continues to deliver results, following the play opening discovery announced at OPL 310 offshore Nigeria, where further exploration drilling is ongoing. Elsewhere, we are continuing with exploration drilling and testing operations at the Ain Sifni PSC in Kurdistan.
“With high quality production underpinning both our strong financial position and exploration programme, we are well placed to realise numerous growth opportunities over the remainder of this year.“
(Source: Afren)
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