Following capex cuts from Iraqi Kurdistan’s key operators last week (MEES, 20 March), US minnow HKN Energy has followed suit, announcing 26 March that it has “eliminated all discretionary capex for the foreseeable future.”

Citing the coronavirus lockdown, it will also suspend most operations guidance at its 29,000 b/d Sarsang license (HKN 62%op, Total 18%, KRG 20%) “until such time as the outlook becomes clearer.” HKN follows other KRG-focused independents DNO, Oryx and Gulf Keystone in announcing capex cuts: the latter last week said it had stopped drilling and expansion operations. (CONTINUED - 193 WORDS)