Hungary’s MOL Group has announced that the Shaikan field in Kurdistan Region of Iraq would see a rise in production from 24,000 boepd to 40,000 boepd
The oil and gas explorer said that its partner and operator of Shaikan field Gulf Keystone had completed flowlines to connect the Shaikan-7, Shaikan-8 and Shaikan-10 wells to the existing production facilities.
MOL Group executive vice-president for upstream Alexander Dodds said, “I’m glad to see that production on Shaikan is going to increase significantly achieving our initial gross target of 40,000 boepd for the block. This will support us in reaching our production increase target on group level as well as support the Kurdistan Regional Government to meet its ambitious export targets.
“We continue to focus our efforts to achieve volumetric increase in our assets in the Kurdistan Region of Iraq and also work together with the Ministry of Natural Resources in order to monetise production the most efficient way.”
The flowlines are currently being hydro-tested and first oil is expected to flow to the production facilities by end of December 2014. An amine plant was currently being tested at the PF-2 facility with a further amine plant expected to be installed at PF-1 in early 2015.
These plants would sweeten the associated gas stream, allowing it to be used as fuel for the production facilities instead of diesel, MOL said.
A rig package was also being moved to a location in the vicinity of Shaikan-10 in order to drill Shaikan-11, an additional producer. An 11.2 km flowline to tie the well to PF-2 has already been laid, the Hungarian explorer noted.
