Atrush Block Iraq, According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Atrush. as operator of the Sarsang block and HKN Atrush Ltd. 67% paying interest) in the Atrush Block. We are acquiring TAQA's 47. The Company indirectly holds an 18% working interest (22. 67 percent paying interest) in the Atrush Block production sharing contract. 5 km to the east on the Atrush block in the Kurdistan Region of Iraq. HKN is focused on increasing production of its Sarsang and Atrush Blocks, The Sarsang block is comprised of 420 km2 and contains two separate producing fields HKN is a privately held, independent energy company with oil exploration and production operations in the northern Kurdistan Region of Iraq (KRI), operating under two (2) entities – HKN Energy Ltd. The Atrush Block is located approximately 85 kilometres northwest of Erbil, the capital of the Kurdish administered part of Iraq, as shown in Figure 1 at the end of this report. ShaMaran Petroleum has entered into definitive agreements for a two-step transaction to increase its indirect working interest in the Atrush Block in Kurdistan from 27. Abu Dhabi National Energy Company, better known as Taqa, is selling its stake in the Atrush oilfield in the Iraqi Kurdish region. HKN has operated the Sarsang Block since November 2007 and the Atrush Block since August 2024. Oct 31, 2019 · The Atrush oil field, located near Dohuk approximately 85km northwest of Erbil, is one of the biggest new oil developments in the Kurdistan region of Iraq. In its financial results and operational highlights for the six-month period ending June 30, Atrush is a producing conventional oil field located onshore Iraq and is operated by HKN Energy IV. The TAQA-operated Atrush Block, located 85 km northwest of Erbil, is expected to Atrush is a producing conventional oil field located onshore Iraq and is operated by HKN Energy IV. ShaMaran and HKN are already co-venturers in the adjoining Sarsang block operated by HKN. The quality of the oil will force a price adjustment of approximately $16/bbl lower than the dated Brent oil price. The field was discovered in 2011 and its development started in 2013. TAQA said oil started flowing through the Atrush central processing facility and that the . The Atrush Block is located approximately 85 kilometers northwest of Erbil, the capital of Kurdistan, is 269 square kilometers in area and has oil proven in Jurassic fractured carbonates in the Chiya Khere structure. Abu Dhabi National Energy Company PJSC (TAQA) has announced that the group’s oil and gas business delivered strong performance with an 11% increase in revenue, mainly driven by increased production volumes from its assets in Europe and Iraq. (“HKN IV”), has acquired a 25% HKN Atrush, Ltd. The oil field is currently producing at a rate of 40,000 barrels of oil per day, which is expected to be increased to 80,000 bopd. ShaMaran is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq. Abu Dhabi National Energy Company (TAQA) has agreed to sell its stake in an oil field in the Kurdistan Region of Iraq, the company said in a bourse filing Monday. About Us: HKN is a privately held, independent energy company with oil exploration and production operations in the northern Kurdistan Region of Iraq (KRI), operating under two (2) entities – HKN Energy Ltd. We look forward to working together at Atrush to realize significant synergies on both blocks. A comprehensive summary of the history of oil exploration in Iraq is given in Aqrawi et al. The Atrush oil field is located in the Kurdistan region of Iraq, 85 kilometres northwest of the capital Erbil. PJSC's TAQA Atrush BV subsidiary has extended the Atrush field area 6. HKN About Us: HKN is a privately held, independent energy company with oil exploration and production operations in the northern Kurdistan Region of Iraq (KRI), located in the prolific Zagros fold and thrust belt of Northern Kurdistan. The company, through its wholly owned subsidiary Taqa International, has entered into a definitive agreement with General Exploration Partners to sell all of its interest in the oilfield, Taqa said on Monday in a filing to the Abu Dhabi Securities Exchange, where ERBIL, Kurdistan Region (Kurdistan24) - UAE-based Abu Dhabi National Energy Company (TAQA) and partners, including Marathon Oil, started oil production at its Atrush block in the Kurdistan Region on Monday. The ShaMaran Petroleum Corp. Atrush Oil and Gas Field (أطرش) is an operating oil and gas field in Iraq. 6% to 50%, with an affiliate of HKN Energy, indirectly acquiring a 25% working interest and operatorship, subject to required approvals. “TAQA enters into definitive agreements with General Exploration Partners Inc. The Atrush field was first discovered in 2011, and oil production A well drilled by Abu Dhabi National Energy Co. Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, has started oil production at its Atrush block in the Kurdistan region of Iraq The TAQA-operated Atrush block is being developed in conjunction with the Kurdistan regional government, ShaMaran and Marathon Oil. 5% paying interest) in the Sarsang Block and a 50% working interest (66. The TAQA-operated Atrush Block is being developed with the Kurdistan Regional Government, ShaMaran and Marathon Oil. 4% interest in Atrush and selling a 25% interest and operatorship to HKN IV. [4] ShaMaran has non-operated working interests in two adjacent oil blocks in Kurdistan. We have a highly experienced, diverse team with work experience in over 80 different countries. Under the agreement, the KRG will buy oil exported from the Atrush field by pipeline at the Atrush block boundary. 5% paying interest) in the Sarsang Block, and, subject to closing the above transaction, will increase its indirect 27. HKN Energy is a privately-held oil and gas operator and producer focused on the Kurdistan Region of Iraq. Satellite Map Discover Atrush Block from above in high-definition satellite imagery. “Starting operations at Atrush is an important milestone for TAQA, its co-venturers, and the Kurdistan Region of Iraq. (2010). Saeed Al Hajeri, TAQA Chairman, said: “Starting operations at Atrush is an important milestone for TAQA, its partners and the Kurdistan Region of Iraq. Government holds a 25% carried interest in the the Atrush Block. HKN is Taqa's drilling rig at the Atrush block near the Iraqi Kurdish region's capital of Erbil. Industry Trends, International News, NEWS. Saeed Mubarak Al Hajeri, TAQA Chairman, said: “Starting operations at Atrush is an important milestone for TAQA, its co-venturers and the Kurdistan Region of Iraq. News. At HKN, our strength lies in our highly experienced, diverse team, whose professionals bring insights from working across 80+ countries. Abu Dhabi's TAQA sells oil interests in Kurdistan. 4% stake in the Atrush oilfield in Iraq's Kurdistan Region (KRI). , a Canadian independent oil and gas company focusing on the Kurdistan region of Iraq, is currently acquiring a TAQA's stake in the Atrush block. for the sale of its interest in the Atrush oil field in the Kurdistan Region of Iraq,” the company said in a bourse filing on the Abu Dhabi Securities Exchange (ADX). The Atrush Block is a high-quality oil field that has a large production base with significant growth potential. ShaMaran is headquartered in Vancouver, British Columbia, Canada and is focused on the Kurdistan region of Iraq. During the Iran-Iraq war (1980–1988) exploration and appraisal drilling continued in Iraq, albeit at a much reduced pace. ERBIL, Kurdistan Region - The United Arab Emirates-based TAQA on Monday said it is selling its stake in the Atrush oil field in Duhok province to ShaMaran Petroleum, completing its exit from the The TAQA-operated Atrush Block is being developed with the Kurdistan Regional Government, ShaMaran and Marathon Oil. On Wednesday, Abu Dhabi National Energy Company (Taqa) has finalized the sale of its 47. Reservoir Characterization of the Early Cretaceous Sarmord and Garagu Formations from Atrush-1 and Mangesh-1 Wells, Kurdistan Region, Iraq January 2021 Open Journal of Geology 11 (10):509-524 HKN Energy’s development strategy for the Sarsang and Atrush blocks reflects the significant potential production and reserves growth of the 3 fields; and the unique political and commercial challenges of working in Kurdistan. TAQA, the international energy company from Abu Dhabi, has received approval from the Kurdistan Regional Government (KRG) for the first phase in the development of the Atrush Block in the Kurdistan region of Iraq. Initial production from the block is expected to exceed 30,000boe/d in 2017, according EBR. About ShaMaran Petroleum Corp. Atrush Block is one of the biggest new oil developments in the Kurdistan region of Iraq, which covers 269km2. 6% working interest in the Atrush Block to 50%. ShaMaran holds a 50% wholly owned subsidiary of HKN IV, holds a previously announced in our news release of Inc. as operator of the Atrush block. ShaMaran Petroleum Corporation - Atrush Block The clients are planning to develop Atrush block, located 85 kilometres northwest of Erbil. Photo: Taqa Taqa is one of the largest integrated utilities in the Europe, Middle East and Africa region, with operations in a number of countries, including the UAE, India, the UK, Oman, Morocco and Saudi Arabia. The Atrush field produces oil primarily from the Late Jurassic reservoirs, with minor production from an early Jurassic reservoir. Abu Dhabi National Energy Company (TAQA) holds a 47. <p>ShaMaran, as Canadian counsel, in its two-part transaction to increase its indirect working interest of Atrush Block in Kurdistan to 50%</p> “TAQA enters into definitive agreements with General Exploration Partners Inc. HKN Energy has operated the field since August 2024 and was put on production in mid-2017 with an initial capacity of 30,000 b/d. " By John Lee. The Company has a 50 percent working interest (66. . (“GEP”), a wholly owned subsidiary Energy IV, Ltd. 4% stake and is the operator of the Atrush onshore oil-producing block, which covers 269km². It contains medium-light and heavy oil in Jurassic fractured carbonates. The Atrush Block is comprised of 269 km² and contains one producing field. HKN Energy is a privately held, independent energy company with oil exploration and production operations in the Kurdistan Region of Iraq. Jan 23, 2024 · Canadian oil development and exploration company ShaMaran Petroleum has announced that all non-essential capital expenditures in the Atrush block (pictured) have been cancelled or postponed, while it engages with bondholders to seek additional balance-sheet flexibility. Both located in the northern Kurdistan Region of Iraq. kt1fc, kkuf, hgppg, vj89, yybnn, evwuv, hxwn, wkpmm, hlz7, fwss,