Gulf Oil and Gas accountACCOUNT

ShaMaran Discovers Major Oil at Atrush Project

Source: www.gulfoilandgas.com 4/13/2011, Location: Middle East

ShaMaran Petroleum Corp. is pleased to announce a major oil discovery in the recently drilled Atrush-1 exploration well in Kurdistan.

The Atrush-1 well was spud on October 5, 2010 and successfully reached a revised total depth of 3400m on January 21, 2011 after 91 days. The well was drilled on time and within budget and encountered a 726-meter potential gross oil column in the Lower Cretaceous and Jurassic (120 meters net matrix pay in the Jurassic). Drilling shows and log results indicate additional potential net pay zones of up to 140 meters in the Upper Butmah and Cretaceous formations. These particular zones will be further tested and evaluated in future wells.

Ten drill stem tests were conducted over horizons in the Cretaceous, Jurassic (main targets of the well) and Triassic to establish reservoir pressure gradients, fluid content and properties and reservoir deliverability. The main targets of the well were the Jurassic fractured carbonate reservoirs proven in neighbouring structures. Excellent flow rates were established totalling over 6,393 bopd from the three Jurassic horizons. The flow rate was limited by tubing sizes and testing equipment. Well analyses show that the intervals are capable of much higher rates when completed for production. The three tests in the middle and upper Jurassic reservoirs produced 26.5 API oil.

Pradeep Kabra, President and CEO of ShaMaran, commented, "We are very pleased with these excellent test results from Atrush 1. This is a major new discovery and is anticipated to become a significant producing asset for the Company upon development. We commend the operator GEP and our partner Aspect Energy on the Atrush project on their outstanding job during the drilling and testing of the well."

The well was operated by the joint-venture company GEP that holds an 80% working interest in the Block. Aspect Holdings, LLC through its Aspect Energy International LLC subsidiary has a two-thirds interest and ShaMaran, through its wholly owned subsidiary, ShaMaran Ventures BV, holds a 33.5% interest in GEP. Marathon Petroleum KDV B.V., a wholly owned subsidiary of Marathon Oil Corporation (NYSE:MRO), holds a 20% interest in the block.

Exploration News in Iraq >>

Australia >>  10/10/2019 - Equinor has been awarded exploration acreage in the Northern Carnarvon Basin offshore Western Australia. The new exploration permit, WA-542-P, has be...
Norway >>  10/10/2019 - Norway's Petroleum Safety Authority has given Equinor consent to drill exploration well 32/4-3 S in production licence PL 921 in the North Sea.. The w...

Brazil >>  10/3/2019 - The ANP published, in the Official Gazette, a list of 13 companies qualified for the 6th Production Sharing Round. They were qualified at a meeting of...
Russia >>  10/3/2019 - Oleg Aksyutin, Deputy Chairman of the Gazprom Management Committee, Head of Department, and Nikolai Buynov, Chairman of the Board of Directors of Irku...

East Timor >>  10/1/2019 - H.E.Taur Matan Ruak, The Prime Minister of the Democratic Republic of Timor-Leste will be announcing the Open Door Round of Timor-Leste, during a spec...
Russia >>  9/30/2019 - As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vo...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

Oil & Gas Projects in Iraq >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.