Hungarian Energy Giant Test Drill is Promising

The results of further testing of the Butmah (1783 to 1814m) section of the Jurassic on its Shaikan-1 discovery well have been announced by MOL.

Shaikan-1 discovery well is in Shaikan Block (Kurdistan Region, Iraq) where Gulf Keystone Petroleum International is the Operator and MOL is partner.
On the initial test in 2009, the zone failed to flow oil to surface, due to a series of downhole and test string difficulties. A production rate of 5,000 bopd was calculated based on limited flow into the tubing string.
Final production rates during this week’s re-test were 4650 bopd with an API gravity of 17.68 degrees and a gas oil ratio of 34 standard cubic feet per barrel of oil at a flowing wellhead pressure of 295 psi.

 

News Monitoring