KRG Oil Output Steady As Some Operators Return

The Kurdistan Regional Government (KRG) has been able to maintain oil output at a steady level of around 350,000 b/d, but the temporary suspension of operations by foreign operators because of security concerns looks certain to delay planned capacity increases.

Some of the foreign oil companies active in the KRG have announced a resumption of drilling operations, though caution still prevails in the absence of a decisive end to the fighting just beyond the semi-autonomous region’s elastic frontier.

The Abu Dhabi National Energy Company (Taqa) resumed drilling at its operated Atrush block on 30 August after a 21-day suspension as a precautionary measure, junior partner Shamaran Petroleum said on 2 September. Taqa announced the suspension of drilling at the Chiya Khere-8 development in Atrush at the time, although the block lies some distance from the battles that flared last month between Kurdish Peshmerga forces and fighters of the Islamic State of Iraq and Greater Syria (ISIS). (CONTINUED - 1174 WORDS)