Project Profile
Location: Eastern Kurdistan
Area:973 square kilometres
The Arbat Block (formerly Block G) is located adjacent to the Miran Block of Heritage and Block 9 recently signed by Talisman Energy Corp. It is an exploration block with three identified surface anticlinal features and is on trend with the Miran East discovery of Heritage which has been quoted in the press as containing large volumes of oil in place. Under the terms of the PSC, which was also originally approved as part of the Pulkhana approval, ShaMaran Petroleum is obliged to acquire 350 kilometers of 2D seismic and drill 2 wells in the first 3 year exploration sub-period.
Seismic program completed October 2010.
Approval has been received for an exploration well on the Arbat-A
Prospect tendering and preparations are underway to enable drilling of this well in Q4 2011.
ShaMaran Petroleum Corporation used to hold a 60% interest within this field, before finalising an agreement to sell all of its interest to KRG.
Operators:
Kurdistan Regional Government (KRG): Operator with 100% interest