ShaMaran Petroleum begins drilling Pulkhana oil well in Kurdistan Iraq

Source: ShaMaran Petroleum

ShaMaran Petroleum Corp. (TSX-V:SNM) commenced drilling of the Pulkhana-9 appraisal/development well in the Pulkhana oil field in Kurdistan Iraq

ShaMaran has contracted an alternative drilling rig (Sakson 101) to the originally agreed Sakson PR3 rig because there was a delay in the release of the Sakson PR3 rig by the previous operator. The Pulkhana-9 well is designed to appraise the proven Euphrates/Jaddala and Shiranish oil reservoirs as well as appraise possible upside in the Jeribe and Lower Jaddala formations. The well is planned to be drilled to a total depth (TD) of 2700 meters and is estimated to take approximately 90 days. 

ShaMaran is currently tendering for a workover rig for the planned third quarter workover of Pulkhana-8 and at the same time progressing with a feasibility study and design for the Pulkhana Early Production Facility ("EPF") which is planned to be installed by the end of the year. ShaMaran has also received Ministry of Natural Resources ("MNR") approval for an additional appraisal well, Pulkhana-10. 

ShaMaran Petroleum Corp. is a Kurdistan Iraq-focused oil development and exploration vehicle. It has four projects in the region: the Pulkhana development/appraisal block and the Arbat, Atrush and K42 exploration blocks. These projects are nearby and on trend with existing fields and recent discoveries. 

Kurdistan Iraq lies within the northern extension of the Zagros Folded Belt. The area is highly underexplored and is currently undergoing a significant exploration and development campaign by over 30 mid to large size international oil companies.



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