Bermuda-based Gulf Keystone Petroleum has recorded solid preliminary results at its latest well in Kurdistan region of Iraq
The company has completed drilling operations at the Shaikan-5 appraisal well, located 6km to the north-east of the Shaikan-2 appraisal well.
Shaikan-5 is the fourth well in a five-well appraisal programme, which has been drilled to evaluate the eastern culmination of the Shaikan structure. Results indicated a continuous oil column with approximately 237 metres of net pay and porosities that are consistent with results obtained elsewhere in the field.
Good hydrocarbon saturations were calculated throughout the Jurassic interval where fracture intensity appears to be comparable to or exceed those seen in other Shaikan wells.
Gulf Keystone chief operating officer John Gerstenlauer said the preliminary results obtained from the Shaikan-5 appraisal well confirmed the prolific nature of the Jurassic interval of the Shaikan structure.
"We look forward to completing the Shaikan appraisal programme, including further testing of the Jurassic and Triassic intervals with the Shaikan-5 and -6 wells, and incorporating all the new results into our independently audited gross oil-in-place estimates for the world-class Shaikan discovery," Gerstenlauer said.
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