Oil Firms Experience Mixed Start To 2017 In Iraqi Kurdistan

KRG-based IOCs are struggling to sustain production gains.

The KRG is on course to receive a 30,000 b/d boost soon from the Atrush field, operated by Abu Dhabi state firm Taqa. Startup is contingent on the completion of an under-construction link to the KRG’s main export pipeline. A report from Canadian field partner Shamaran in March said first oil was expected in Q2.

Taqa’s Q1 report released 11 May merely says production is expected to begin in 2017, but the firm tells MEES the “export pipeline is nearing completion” and there has been “no deviation” from earlier forecasts. Once production begins, full 30,000 b/d output can be reached within a month or two Shamaran CEO Chris Bruijnzeels estimates (MEES, 10 March). (CONTINUED - 960 WORDS)

DATA INSIDE THIS ARTICLE

table KRG 'Monthly' Payments Timings