Development & Exploration
The main development and exploration activity in the period has been
the releasing of the drilling rig for Faihaa-4
(Block 9, Iraq) on 9 September 2017
. We anticipate the Company will commence drilling activities on
in the coming months, before year end. The table below provides the status of the development and
exploration wells for the reporting period:
Status at end of March 2017
2016 Carry-over Wells
Production commenced on 12 February
2017, current production has stabilized
at a rate of 3,500 bbls (Gross) on a
40/64” choke size.
YTD September 2017
Spud 21 April 2017 with drilling
completed on 9 September.
Commercial production expected in Q1
Al Jahraa SE-2X
Exploration well spud 25 April 2017.
The well has been on production since
12 July 2017 producing at a rate of 100
Development well spud 10 June 2017
with the rig released on 20 August 2017
- however tests have shown the
produced liquids to be 100% watercut.
SMPH-11, GZ-P10, HJ SW-P2/P3,
WRDM-K33, SL-P2/P3, JDRK-15,
NSM-P6 on drilling
Total for 2017