overview Shaikan commercial production and sales pending projects outlook
A leading Kurdistan independent E&P company Public company, moved to Standard Segment of Official List in March 2014 One of the largest acreage holders in Kurdistan, 1,632 km2 across four contiguous blocks All 2P reserves and…
Reserves and resources summary 12,506 mmbbls of gross hydrocarbons in place Reserves and resources Net, diluted WI to GKP Gross 2P + 2C of 1,219 mmbbls GKP diluted STOIIP/GIIP Oil (mmbbls) Gas (bcf) mmboe(1) WI Shaikan 54.4%(2) 5,013…
Company strategy Ramp-up commercial oil production from Shaikan Reinvestment of cash flows Become a cash generating Increase reserves and production business and maintain financial through further exploration and flexibility…
overview Shaikan commercial production and sales pending projects outlook
Shaikan commercial production since July 2013 PF-1 PF-2 Shaikan 1 Shaikan 3 Shaikan 4 Shaikan Shaikan 2 Shaikan 5 Shaikan 10 Shaikan Well Well Well 7 and 8 Well Well Well 11 Well Wells Shaikan12000 11 Well 10000 8000…
Path to 40,000 ibopd and ibeyond Near-term target of 40,000 bopd Steady production from PF-1 and PF-2 of between 22,000 bopd and 24,000 bopd Total commercial production from Shaikan has now reached 5.5 million barrels Work is…
overview Shaikan commercial production and sales pending projects outlook
Priorities versus pending projects Priorities Ramp-up of production to 40,000bopd and maintain oil export sales by truck Tie in Shaikan -7, -8 and -10 wells to existing production facilities; drill Shaikan-11 Establish a steady…
Shaikan: Phase 1 (CPR 2P) Wells 11 Shaikan Phase 1 is focused on the first 26 development wells targeting 299MMstb of 2P reserves Flowline Source: GKP
Shaikan: Full field development: Ibeyond phase 1 12 Shaikan Full Field Development envisages approximately 109 wells targeting 1,001MMstb of 2P + 2C reserves and contingent resources Further reserves are fully expected in time…
overview Shaikan commercial production and sales pending projects outlook
Outlook Increase Shaikan production capacity to 40,000 bopd through the tie-in of four additional producing wells (Shaikan-7, -8 , and -10) Establish a regular payment cycle for past and future Shaikan crude oil export sales to…