Project Profile
Location: South of the city of Sulaimaniyah
Depth: 2,333 metres
Area: 529.58 sq. km
Pulkhana 9 was spudded by ShaMaran on April 3, 2011 and a total depth of 2,333 meters was reached on July 23, 2011. Oil indications have been seen in all of the four targeted Pulkhana reservoirs. A comprehensive well testing program has commenced.
KRG approved to contract the existing Sakson 101 rig for an additional two firm and two option wells. The rig is going to be moved directly to Pulkhana-10 once operations on Pulkhana-9 have been completed. A Letter of Intent (subject to inspection) has also been signed for a rig to workover the legacy Pulkhana-8 well.
Progress has been made with the feasibility study and design for the Pulkhana Early Production Facility (EPF) planned to be installed in the year 2012. The first 3 wells (Pulkhana 8, 9 and 10) will be connected to the EPF, with the possibility to expand as future development wells are drilled.
Pulkhana is a faulted anticline developed along a thrust fault and it is located south of the city of Sulaimaniyah. It is one of a series of NW-SE orientated thrust structures related folds in front of the Zagros mountain belt. Pulkhana is an established oil field with seven wells drilled in 1950s. In 1956, Pulkhana-5 tested 35°API oil from Tertiary and Cretaceous fractured carbonate reservoirs, at a rate of 2180 bpd. The wells drilled later had very poor or no flow in reservoirs.
Petoil had operated the block under a signed PSA covering an area of 2800 km2 in 2003. After several revisions, the agreement area was reduced to the Shakal structure and Pulkhana field was excluded from the deal. A 20% interest in the Pulkhana block (530 km2) was re-awarded to Petoil under a PSC signed in 2009.
Operators:
Kurdistan Regional Government (KRG): Operator with 80% interest
Petoil: 20% interest