WesternZagros Resources has spudded the latest well of in its exploration and appraisal program in the Kurdamir Region of Iraq.
Drilling on the Kurdamir-3 appraisal well on the Kurdamir Block and is expected to take approximately four months to reach the planned total depth of 2,800 meters. The company expects the gross costs of drilling and testing operations to be $50 million.
The Kurdamir-3 well is being drilled on the southwest flank of the Kurdamir structure approximately three kilometers from the Kurdamir-1 and five kilometers from the Kurdamir-2 wells. This newest well will appraise the extent of the oil leg in the Oligocene interval previously encountered in the Kurdamir 1 and 2 wells.
“2013 promises to be an exciting, transformational year for the Company. We are actively delineating our two major discoveries at Sarqala and Kurdamir and also pursuing high-impact step-out exploration on our Baram and Hasira prospects,” said Simon Hatfield, CEO of WesternZagros
The company began its 3D seismic survey of the Kurdamir Block at the beginning of 2013 and expects to complete the program in the third quarter of the same year. The survey encompasses the 184 square kilometers on the Kurdamir Block and also extends into the neighboring Topkhana Block in order to define more clearly the areal extent of the Oligocene, Eocene and Cretaceous reservoirs.
