Iraqi Kurdistan: Oil Output Up And Rising

KRG crude output capacity, excluding contested Kirkuk, rose to 440,000 b/d at end-2014, when the Shaikan field attained its 40,000 b/d target. However, gas remains a problem so long as the dispute with Dana Gas over unpaid receivables rumbles on, preventing development of the Chemchemal gas field (see p3).

UK independent Gulf Keystone Petroleum (GKP), operator of Shaikan, said in an update on 5 January that total gross daily production from the field, one of the largest discoveries in the Kurdistan region, had risen to 40,000 b/d by the end of December. The figure, more than 10,000 b/d up on November, is in line with GKP’s target, though the company says that further increments will depend on regular payments by Erbil for oil exports. Another development well, Shaikan-8, is due to come on line later in January, it adds. (CONTINUED - 789 WORDS)


table KRG Oil Output Capacity (‘000 B/D)