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Abu Dhabi firm Taqa will provide a much-needed 30,000 b/d boost to crude output in Iraqi Kurdistan with the start-up of its Atrush field likely next month. This will mark the KRG’s first upstream ‘good news’ for some time given that 2016 was characterized by geological downgrades and geopolitical travails.
Atrush is on track to reach first oil in early Q2 this year, providing the KRG with a much-needed fillip. Phase One of Atrush (Taqa 39.9% operator, Canada-based Shamaran 20.1%, US independent Marathon 15%, KRG 25%) will produce 30,000 b/d, making it the fourth largest foreign-operated field in Iraqi Kurdistan.
In fact, Atrush will be hot on the heels of the second and third largest producers. Taq Taq, operated by Anglo-Turkish firm Genel, was for some time the KRG’s top producer. (CONTINUED - 1106 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Atrush Start-Up Set To Partially Offset Taq Taq Output Declines In 2017 (‘000 B/D)|