Project Profile
Value: Undisclosed
Location: Kurdistan Region, northern Iraq
Area: 226 thousand acres
Mean Prospective Resources: 1.7 billion barrels of oil, or over 2 billion barrels of oil equivalent
Start-up Year: -
The three blocks in the Kurdistan Region of northern Iraq cover over 226 thousand acres. In 2011, Talisman drilled a successful exploration well on the Topkhana Block. In the fourth quarter of 2011, Talisman spudded the Kurdamir-2 exploration well on the Kurdamir Block. Talisman is planning to spud an exploration well on Baranan Block in 2012. The Kurdamir Discovery requires deeper drilling and evaluation beneath major Oligocene Discovery (Eocene and Cretaceous targets). In July 2012 extensive testing program of all three reservoirs were carried out as well as an extended well test of Kurdamir-2, 3D seismic program and Kurdamir-3 appraisal well testing. WesternZagros estimates that the Kurdamir discovery contains unrisked Contingent Resources of 541 MMbbl of oil and Prospective Resources of 1.3 billion barrels of oil (both Gross Block combined Mean estimates).
Operators:
Total: Operator with 80% interest in the Baranan psc
Talisman: Operator with 40% interest in remaining psc
WesternZagros: 40% interest in remaining psc
Kurdistan Regional Government (KRG): 20% interest in all psc
Contractors:
Sproule International Limited (Sproule): Independent reserves evaluator