ShaMaran announces test results of the Chiya Khere-5 development well

Source:ShaMaran Petroleum Corp.

The Chiya Khere-5 development well was drilled and suspended in May and June, 2014. The well was re-entered in May 2015 and three well tests using an electrical submersible pump were carried out.

ShaMaran Petroleum Corp.("ShaMaran" or the "Corporation") is pleased to announce the successful testing of the Chiya Khere-5 development well in the Atrush Block in the Kurdistan Region of Iraq.

 

 

The Chiya Khere-5 ("CK-5") development well was drilled and suspended in May and June, 2014. The well was re-entered in May 2015 and three well tests ("DST") using an electrical submersible pump were carried out.

 

 

DST#1 was conducted over a 24-metre interval in the Mus Formation. The interval tested at an average oil rate of 750 bopd (barrels of oil per day) with a final water cut of less than 1 percent. Oil gravity was measured at 16 degrees API.

DST#2 was conducted through 60 meters of perforations within a 118 metre interval in the Sargelu Formation. The interval tested at an average oil rate of 5,000 bopd with a constrained drawdown during the main test period. There was no water cut at the end of the test. Oil gravity was measured at approximately 25 degrees API.

DST#3 was conducted over a perforated 12 metre interval within the Naokelekan Formation. The interval tested at an average rate of 1,600 bopd with a measured oil gravity similar to DST #2.

The work-over rig has now moved to the adjacent CK-8 development well and commenced testing operations.

 

 

 

 

 

Chris Bruijnzeels, President and CEO of ShaMaran, commented "The CK-5 well test results are in line with expectations and confirm excellent well productivities. We estimate that the CK-5 well can produce in excess of 10,000 bopd. Combined with the AT-2 and AT-4 well test results, I am confident that we are on track to produce at our planned Phase I production level of 30,000 bopd from four wells, including CK-8."

 

 

 

 

 

The Atrush Block is operated by TAQA Atrush BV ("TAQA") and is held 39.9% by TAQA, 20.1% by ShaMaran Petroleum Corp through its wholly owned subsidiary General Exploration Partners, Inc., 15% by Marathon Oil KDV B.V., (a wholly owned subsidiary of Marathon Oil Corporation (MRO)), and 25% by the Kurdistan Regional Government of Iraq.

ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration vehicle with a 20.1% direct interest in the Atrush oil discovery, which is currently undergoing appraisal and development.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs