ShaMaran Petroleum Corp - SNM - Sidan 101 - Flashback

SHAMARAN ANNOUNCES INCREASE IN ATRUSH YEAR

The field was first discovered in 2011 and oil production started in July 2017. The Atrush Field contains crude oil of variable density. Fluid type is classified according to COGEH: Light/Medium Oil is based on density less than 920 kg/m3 and Heavy Oil is between 920 and 1000 kg/m3. Company gross reserves are based on the Company’s 27.6 percent working interest share of the property gross reserves. At that time, estimates were that Atrush held between 1.5 billion and 2.8 billion barrels of oil in place, with recoverable oil columns of 670 million barrels.

The field was first discovered in 2011 and production started in 2017. In its two years of production, the Atrush field has produced of 17 million barrels of oil, with increasing efficiency. The field was first discovered in 2011 and oil production started in July 2017. In its over two years of production the Atrush field has sold all its production to the Kurdistan Regional Government of Iraq at international market prices less a discount based on quality and transportation charges. The Atrush field is located 85 km northwest of Erbil and is one of the largest new oil developments in the Kurdistan Region of Iraq. The field was first discovered in 2011 and production started in 2017. In its two years of production, the Atrush field has produced of 17 million barrels of oil, with increasing efficiency.

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Taqa operates Atrush Field. •. Currently 3rd largest producing field in Kurdistan. Growth in 5 Jan 2021 The Atrush field is located 85 km northwest of Erbil and is one of the largest new oil developments in the.

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"T Baghdad (IraqiNews.com) The Abu Dhabi National Oil Company, ADNOC, announced receiving the approval from Kurdistan Regional Government to initiate the first stage of developing Atrush oil field on Atrush Development Cost loan repayments will be offset against payments due to the KRG for first oil bonus and certain costs related to the Oil Police Force which provides security at the Atrush field. The January 2018 and subsequent invoices will be paid in line with the current practice for crude oil sales payments.
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Since the beginning of production in 2017, Atrush has extracted some 17 mmbbl of oil from the field.

13 Apr 2011 ShaMaran Petroleum has announced a major oil discovery in the recently drilled Atrush-1 exploration well in Kurdistan. The Atrush-1 well was 23 Aug 2019 Atrush oil field, located 85 kilometers from Erbil, was discovered in 2011. Seventeen million barrels of oil have been produced at the site since The Atrush field is located 85 km northwest of Erbil and is one of the largest new oil developments in the Kurdistan Region of Iraq. The field was In addition, ShaMaran is also pleased to announce that the Atrush field total cumulative crude oil production has exceeded 40 million barrels.
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However, the lithology of the sedimentary units in both hanging wall and footwall has a role 2017-01-31 · Taqa’s website states the Atrush Block is estimated to have between 1.5 billion and 2.8 billion barrels of oil in place with recoverable oil columns of 670 million barrels. Initial production from Atrush is expected to be approximately 30,000 barrels of oil per day. He added that they are keen to invest in the Kurdistan Region “when it comes to oil and gas,” as it already has an established project to pump oil at the Atrush field. TAQA, Atrush Oil Field - Construction of 30.000 Bpd EPF. Project Scope. 1500 Tons Steel Structure Fabrication & Erection 2000 Tons Equipment Erection (MENAFN - Iraq Business News) Abu Dhabi National Energy Company PJSC (TAQA) has announced that its subsidiary, TAQA Atrush B.V. (TAQA Iraq), has set a new production record from the Atrush oil ShaMaran Sells Shares In Order to Fund Atrush Oil Field in Iraqi Kurdistan. The net proceeds from the Private Placement will be used primarily to fund the Company’s expenditures related to the Atrush field development in the Kurdistan Region "ATRUSH A SEA OF OIL" Videos round and about ShaMaran petroleum . ShaMaran Petroleum (TSXV:SNM), the Kurdish oil and gas company, trades at just 31 cents.