Gulf Keystone continues to report solid exploration results from it’s Shaikan field in Iraqi Kurdistan, with news of a highly-pressured find in the Triassic at Shaikan-2.
Gulf Keystone has completed drilling of the Shaikan-2 Appraisal Well to a total depth of 3,300 meters in the middle Triassic, following which a flow test has been performed in the newly discovered Kurre Chine C zone over a 80 meter interval (3,195m to 3,275m). This new zone is highly pressured and correlates with the high pressure zone penetrated at the bottom of Shaikan-1, according to a statement by the company late Thursday.
The flow test achieved a maximum rate of up to 4,450 barrels of 36 degree API oil per day with associated gas of 813,000 standard cubic feet per day.
Chief operating officer John Gerstenlauer said: “The new Triassic discovery is yet another chapter in our Shaikan success story. As a result of these successful Shaikan-2 well test results, oil volumes that will eventually be attributed to this zone, will be in addition to the already impressive 4.86 to 10.8 billion barrels of gross oil-in-place already discovered in the Shaikan field.”
