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CHAPTER TWO
Developments of Energy Resourrces
block, with a 40%working interest. Joint venture participants include
WesternZagros, with a 40% working interest, and the Kurdistan
Regional Government (KRG), with a 20% carried interest
i
.
Afren PLC. has also announced that the high impact Simrit-2
exploration well, located on the Ain Sifni PSC in the Kurdistan
region of Iraq, has discovered a significant oil accumulation based
on the results of drilling, wireline logs and sidewall core sampling.
The objective of the Simrit-2 exploration well was to test the western
extent of the Ain Sifni anticline. The well has reached a depth of
3,700 m. Preliminary analysis of data collected during and following
drilling indicated that the well has encountered an estimated 409 m
of net oil pay in Cretaceous, Jurassic and Triassic age reservoirs. No
oil water contact has been established in the target reservoirs
ii
.
Heritage Oil has also announced the discovery of gas at its Miran
West-3 well in the Kurdistan region of Iraq. The company revealed
that a new high pressure gas bearing interval was encountered above
the main Jurassic reservoir, which flowed dry gas at rates as high as
17.5 million cubic feet per day. The interval is a separate reservoir
from those identified to date within the Miran structure. Heritage Oil
is working to further understand its distribution using existing well
data and recently mapped 2D and 3D seismic programs. The Miran
West-3 well is currently at a depth of 3,600 m and testing operations
of the interval have been completed. The company said following the
test, drilling would continue to the main Jurassic targets
iii
.
By late 2012, Gulf Keystone, has confirmed oil discovery in
the Sheikh Adi Block in the Kurdistan region of Iraq. The “Sheikh
i
Oil Voice, 26/3/2012
ii
Oil Voice, 17/4/2012
iii
Oil Review Middle East, 8/4/2012
