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Iraq’s Kurdistan Region is set for an imminent revenue boost, with the 30,000 b/d capacity Atrush field set to start-up within days. Initial production will be considerably lower, but could reach full capacity within a month ( MEES, 19 May ). The startup will be a rare piece of good news for the KRG, which has suffered from declining production over the past two years.
Toronto-listed Shamaran (20.1%) announced on 28 June that the Abu Dhabi based operator Taqa (39.9%) “expects that oil production will commence early next week.” Shamaran had been confident since November that production would begin in Q2, so this represents a slight slip ( MEES, 18 November 2016 ). (CONTINUED - 450 WORDS)