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Oryx Petroleum updates production activities for the Hawler license area


Published Feb 12, 2015
Oryx Midstream Services, LLC

Oryx Petroleum Corporation Limited provides an update regarding production, sales and development activities for the Hawler license area in the Kurdistan Region of Iraq.

Highlights: •Gross (100%) oil production: ◦December 2014 average of 3,900 bbl/d with a daily peak of approximately 8,500 bbl ◦January 2015 average of 3,100 bbl/d with a daily peak of approximately 9,800 bbl ◦Production levels constrained by market access

•Sales to the local market have been achieved with periodic interruptions since late December 2014; additionally, trial truck deliveries to the KRI-Turkey pipeline were completed in late December 2014 •Wells currently tied into the Hawler production facilities represent wellhead production capacity of 15,000 bbl/d with tie-ins of other successfully tested wells expected to increase wellhead production capacity to 25,000 bbl/d by early Q2 2015 •Appraisal / Development well testing: ◦Demir Dagh-10 ("DD-10") well: a completion test successfully flowed oil from the Cretaceous reservoir at a sustained rate of 6,500 bbl/d for two hours following a successful multi-rate drill stem test over a period of 21 hours ◦Demir Dagh-9 ("DD-9") well: the DD-9 well met its primary objective of obtaining reservoir data critical to delineating the field but did not achieve sustained flow rates of oil during tests in the Cretaceous reservoir ◦Demir Dagh-11 ("DD-11") well: data important to delineating the field was obtained but a sustained flow of oil was not achieved during a test in the Cretaceous reservoir; water entered the reservoir during the test indicating a problem with the cementing in the well; Oryx Petroleum intends to drill a short sidetrack for the DD-11 well with the expectation that the well will be a producer

Tags: Oryx Petroleum Corporation Limited




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