Atrush Field

Atrush Field

Location of Atrush Field

Country Iraq
Region Kurdistan Region
Location near Dohuk
Offshore/onshore Onshore
Coordinates 36°51′48″N 43°27′1″E / 36.86333°N 43.45028°ECoordinates: 36°51′48″N 43°27′1″E / 36.86333°N 43.45028°E[1]
Operators

TAQA (39,9%)

Kurdistan Regional Government (25%)

ShaMaran Petroleum Corp. (20,1%)

Marathon Oil (15%)
Field history
Discovery April 13th 2011[2]

Atrush Field is an oilfield near Dohuk, Iraqi Kurdistan. It was discovered by the Consortium of General Exploration Partners. As of March 12, 2013 the Kurdistan Regional Government has exercised its option to acquire a 25% Government Interest of the Atrush Field according to the PSC contract.[3]

Wells

Atrush-1 Well

Atrush-1 well was successfully spudded on October 5, 2010. The well had a natural flow of 6,393 barrels of oil per day. General Exploration Partners discovered 726 meters of oil column and 120 meter netpay.[4][5]

General Exploration Partners (GEP) held 80% of Atrush-1 and was in cooperation with Aspect Energy International, whom owned 2/3 of GEP, thus Aspect Energy International had a share of 53,2%. Aspect Energy International sold its interest in GEP to TAQA for $600 mln,[6] which basically transferred Aspect's interest in GEP to TAQA. Shamaran's interest remains at 26,8% of Atrush-1, and the remaining 20% is held by Marathon Oil.[7]

Atrush-2 Well

Atrush-2 well was successfully spudded on May 23, 2012. The well had a flow of 42212 barrels of oil per day using a Submersible pump,[8] estimated to have been the highest flow ever in Iraqi Kurdistan.[9] The design of the DST Program as well as the permanent completion was managed by Richard Sharpe, Damon Yarshenko, and Wes Whitman with key execution support provided by core contractors.

Atrush-3 Well

Atrush-3 well is planned to spud during the month of March 2013, it is believed the well spudded on the 26th of March but there is no information confirming this for now.[10]

Future wells

Two additional wells are planned to be drilled in 2013.[11] Technical discussions on the final location of the Atrush-4 and Atrush-5 wells are underway.[12]

References

  1. ↑ http://www.shamaranpetroleum.com/i/pdf/CorporatePresentation_Sept2012.pdf
  2. ↑ http://shamaranpetroleum.mwnewsroom.com/press-releases/shamaran-announces-major-oil-discovery-at-atrush-p-tsx-venture-snm-201104130689394001
  3. ↑ http://shamaranpetroleum.mwnewsroom.com/press-releases/shamaran-2012-year-end-financial-and-operating-res-tsx-venture-snm-201303150860336001
  4. ↑ http://shamaranpetroleum.mwnewsroom.com/press-releases/shamaran-announces-major-oil-discovery-at-atrush-p-tsx-venture-snm-201104130689394001
  5. ↑ http://www.shamaranpetroleum.com/s/Atrush.asp?ReportID=420604
  6. ↑ http://www.reuters.com/article/2013/01/02/kurdistan-taqa-acquisition-idUKL5E9C215720130102?irpc=932
  7. ↑ http://www.iraq-businessnews.com/tag/abu-dhabi-national-energy-company-taqa/
  8. ↑ http://www.reuters.com/article/2012/09/13/idUS200698+13-Sep-2012+PRN20120913
  9. ↑ http://www.arabianoilandgas.com/article-10614-shamaran-strikes-it-rich-at-atrush-block/#.UQ7FMm_uSfV
  10. ↑ http://shamaranpetroleum.mwnewsroom.com/press-releases/shamaran-2012-year-end-financial-and-operating-res-tsx-venture-snm-201303150860336001
  11. ↑ http://www.shamaranpetroleum.com/i/pdf/2012-10_SNMP.pdf p. 12
  12. ↑ http://shamaranpetroleum.mwnewsroom.com/press-releases/shamaran-2012-year-end-financial-and-operating-res-tsx-venture-snm-201303150860336001