Geneva-based independent Oryx sees major production potential on its Hawler block in Iraq’s autonomous KRG. Its Demir Dagh discovery made in February contains an estimated 253mn barrels of Proven and Probable reserves (2P).
Two planned appraisal wells, scheduled for late 2013-early 2014, could add to this and the firm has identified three further prospects. Drilling has begun on two of these: the AAS-1 well on the Ain al-Safra prospect spudded on 10 June and the Zeg-1 well spudded in late April. Oryx, which recently listed in Toronto, is eyeing output of 25,000 b/d by 3Q14 and potential 200,000 b/d-plus Hawler plateau production as part of a projected $3.8bn development. (CONTINUED - 399 WORDS)