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Operators take safety steps as militants advance into Kurdistan oilfields

11th August 2014

A Hess-led joint venture in Kurdistan has suspended operations at one of its most promising wells due to the security situation within the region

Operators take safety steps as militants advance into Kurdistan oilfields
Taqa has also suspended its operations at its Atrush Block today as a result of recent developments and escalating instability

“While these developments have not directly impacted our exploration activities to date, in line with other operators in the region, it has been decided, as a precautionary measure, to temporarily secure and suspend operations (including the drilling of Shireen-1 exploration well in the Dinarta licence) and to evacuate non-essential personnel,” Petroceltic has said in a statement today.

Petroceltic has a 16 per cent working interest in two Hess-operated exploration concessions in the central area of Kurdistan, Shakrok and Dinarta. The past year has seen progress towards establishing the resource potential on these licences with the selection of the first well locations to be drilled on both blocks, the construction of access roads and well pads and the contracting and mobilisation of two drill rigs to site.

Taqa has also suspended its operations at its Atrush Block today as a result of recent developments and escalating instability.

“Taqa continues to closely monitor the security situation with its Atrush partners and the Kurdistan Regional Government,” Taqa said in a statement today. “The safety and security of the company’s staff and contractors are of paramount importance. TAQA remains committed to the development of the Atrush Block and expects to start production in 2015.”

Atrush Block, operated by Abu Dhabi-based Taqa, is located 85 kilometres northwest of Erbil and is expected to initially produce approximately 30,000 barrels of oil per day (bpd) with first oil expected by early 2015.

 

 

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