Project Profile
Value: Undisclosed
Location: Kurdistan Region of Iraq
Start-up Year: -
Value: Undisclosed
Location: Kurdistan Region of Iraq
Start-up Year: 2Q 2014
Production: 3,900 bpd (initial)
A large exploration area with four structures mapped on high quality 2D seismic data and estimated to contain a total of 164 MMbbl of gross (working interest) proved plus probable reserves, 200 MMbbl of best estimate gross (working interest) contingent oil resources and 321 MMbbl of best estimate unrisked gross (working interest) prospective oil resources (risked: 107 MMbbl) with light and heavy oil prospectivity within multiple target reservoirs. A commercial discovery was declared at Demir Dagh in 2014, with first production of 3,900 bpd achieved during the second quarter.
The Demir Dagh-3 appraisal well drilled in January 2016 flowed at 1,000 bpd from the Jurassic sequences for 7 days before being shut-in because of full storage, with yields successfully processed through the associated facilities. In September 2015, Oryx launched five production wells capable of yielding 2,000 - 4,000 bpd gross from the Demir Dagh Cretaceous reservoir. It also completed two production trains with gross production of 40,000 bpd. However, the Demir Dagh-3 well was forced to close in December 2016 because of an abrupt increase in water yields.
The Demir Dagh processing centre also handles crude from Zey Gawra field in Hawler concession, which is blended with Demir Dagh crude before being exported through the Kurdistan Export Pipeline. The Zey Gawra-1 well was side-tracked in December 2016 and completed in open hole to partially penetrate the Cretaceous reservoir. Production from the side-track was constrained at 1,500 bpd, with a gas-oil ratio of around 3,000 square cubic feet per stock-tank barrel.
Operators:
Oryx Petroleum: Operator with 65% interest
Korea National Oil Corporation: 15% interest
Kurdistan Regional Government: 20% interest