Göteborgs-Posten - 2019-04-19 - PressReader
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ShaMaran Petroleum has announced that drilling operations have commenced on the Chiya Khere ("CK-7") appraisal and development well in the Atrush Block in the Kurdistan Region of Iraq. CK-7 is located in the central area of the Atrush Block approximately 3 kilometres east of the Atrush 2 producing well and 3.5 kilometres west of the […] Abu Dhabi National Energy Company, known as Taqa, has filed a ShaMaran Petroleum Corp. is a Canadian independent oil development and exploration company with a 27.6% direct interest in the Atrush Block | Adel Chaouch, CEO Home Company ShaMaran Petroleum Corp. announces that TAQA Atrush B.V., as operator of the Atrush Block Production Sharing Contract ("PSC"), has entered into an Engineering, Procurement and Construction ("EPC") contract with KAR Company ("KAR") for the construction of the feeder pipeline from the Atrush block boundary to the tie-in point with the main Kurdistan export pipeline (the "Feeder Pipeline"). The Kurdistan Region of Iraq is one of the least developed proven petroleum basins in the world. We operate the Atrush Block, which covers 269 square kilometers and is located 85 km northwest of Erbil, the capital of the Kurdistan Region of Iraq.
Atrush Block ShaMaran is a Canadian oil and gas company listed on the TSX Venture Exchange and the NASDAQ First North Growth Market (Sweden) under the symbol “SNM.” The Company has a 27.6% ownership interest in Atrush Block, a high‐quality oil field in Kurdistan that has a large production base with significant growth potential. The TAQA-operated Atrush block is being developed in conjunction with the Kurdistan regional government, ShaMaran and Marathon Oil. The Atrush field, located 85 km northwest of Erbil, is one of the largest new oil developments in Kurdistan. It was discovered in 2011 and development started in 2013. Abu Dhabi National Energy Co. PJSC (TAQA) Atrush BV subsidiary brought oil production on stream at its Atrush block in Iraq’s Kurdistan region on July 3 through the Atrush central processing Define Atrush Block Agreements. means the Atrush Block PSC, Atrush Block First PSC Amendment, Atrush Block Second PSC Amendment, Atrush Block Third PSC Amendment, and the Atrush Block Fourth PSC Amendment.
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("ShaMaran" or the "Company") (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce that it has entered into an agreement to acquire a further 15% working interest in the Production Sharing Contract – Atrush Block, Kurdistan Region of Iraq dated 10th November 2007, as amended from time to time, (the "Atrush PSC") … VANCOUVER, June 4, 2018 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce that it has entered into an agreement to acquire a further 15% working interest in the Production Sharing Contract – Atrush Block, Kurdistan Region of Iraq dated 10th November 2007, as amended from time to time, (the “Atrush PSC”) … TAQA will acquire 53.2 per cent interest in the Atrush block in the Kurdistan Region of Iraq. (Image source: katsrcool/Flickr) The acquisition will be funded from corporate resources and will be expected to close in December 2012.
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In its financial results and operational highlights for the six-month period ending June 30, […] TAQA noted that the current rate of gross production at the Atrush block is approximately 34,000 barrels of oil per day, which is in line with the company’s targets for 2019. “The increase in production was largely due to new wells coming on stream and the impact of de-bottlenecking work over the past few months, which has increased the capacity of volumes handled by the production facility. Define Atrush Block Fourth PSC Amendment. means the Assignment, Novation and Fourth Amendment Agreement to the Atrush Block PSC entered between KRG, … By John Lee. General Exploration Partners (GEP) has signed a purchase and sale agreement to sell 53.2% of its participating interest in the Atrush Block to Abu Dhabi National Energy Company PJSC (“TAQA”). In conjunction with the sale, Aspect Energy International, LLC will divest itself of any interest in GEP, leaving ShaMaran Ventures B.V. (a […] The Atrush field is located 85 km northwest of Erbil and is one of the largest new oil developments in the Kurdistan Region. It was discovered in 2011 and began development in 2013 in cooperation with the Kurdistan Regional Government (KRG), ShaMaran and Marathon Oil. DUBAI, Jan 2 (Reuters) - Abu Dhabi National Energy Co (TAQA) has bought a 53.2 percent operating interest in Iraqi Kurdistan’s Atrush oil block for $600 million from General Exploration Partners Atrush Central Processing Facility, which has the capacity to handle up to 30,000 barrels of oil per day, has started producing oil. The Atrush Block is being developed with support from the Kurdistan Regional Government, ShaMaran and Marathon Oil. Operations.
Initial production from the block is expected to
The Taqa-operated Atrush Block is being developed together with the Kurdistan Regional Government, ShaMaran and Marathon Oil. “Starting operations at Atrush is an important milestone for Taqa,
GEP was awarded a PSC for the Atrush Block in Kurdistan on 10th November 2007, and ShaMaran subsequently acquired 33.5% of GEP in August 2010. There is currently only limited data to estimate volumes of prospective resources in Atrush. However in order to indicate possible value of the block
The Atrush Block is located in the Kurdistan region of northern Iraq. Phase 1 of the Field Development Plan for the Atrush Block has been completed with first oil in July, 2017. On December 14, 2019 the Company achieved a field production rate of 50,000 bopd. The Atrush Block is located in the Kurdistan region of northern Iraq. Phase 1 of the Field Development Plan for the Atrush Block has been completed with first oil achieved in July, 2017.
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Atrush Block,Kurdistan Region, Iraq.
Det motsvarar att 36 procent av orden är vanligare. Oil production on the Atrush Block commenced in July 2017. Atrush is currently producing at approximately 26 thousand barrels of oil per day (“bopd”).
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There is currently only limited data to estimate volumes of prospective resources in Atrush. However in order to indicate possible value of the block The Atrush Block is located in the Kurdistan region of northern Iraq. Phase 1 of the Field Development Plan for the Atrush Block has been completed with first oil in July, 2017.
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GEP was awarded a PSC for the Atrush Block in Kurdistan on 10th November 2007, and ShaMaran subsequently acquired 33.5% of GEP in August 2010. There is currently only limited data to estimate volumes of prospective resources in Atrush. However in order to indicate possible value of the block outflows of $25.2 million on Atrush Block development activities, $2.9 million of cash out on G&A and other cash expenses and $5.1 million of negative cash adjustments from changes in working capital items which were offset by $16.2 million of net proceeds on the issue of Super Senior Bonds. A Field Development Plan for the Atrush Block was submitted for approval to the KRG on May 6 2013 which is in accordance with the terms of the Atrush Block PSC. The Atrush-3 appraisal well, located 6.5 kilometers to the east of the Atrush-2 appraisal well, was spudded on March 25, 2013 and reached total depth of 1,806 meters on June 23, 2013. Oil Search (Iraq) Limited holds a 60% participating and is the Operator of the Block. The Kurdistan Regional Government (KRG) has the remaining 20% interest in the block which is carried by ShaMaran and Oil Search.