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Afren suspends operations at Kurdistan oilfield as Islamic militants advance

08th August 2014

Afren has taken the precautionary step to temporarily suspend operations at the Barda Rash field of Kurdistan in light of heightened regional security related issues

Afren suspends operations at Kurdistan oilfield as Islamic militants advance
Afren will continue to closely monitor events on the ground in consultation with our security team and the relevant authorities

Working with its local security advisors, Afren is implementing a phased withdrawal of non-essential field personnel from the Barda Rash field.

All other Afren operations in the Kurdistan Region of Iraq remain unchanged.

Afren will continue to closely monitor events on the ground in consultation with our security team and the relevant authorities.

It is expected that it will return to field operations as soon as it is prudent to do so. The suspension is not expected to have a significant impact on the group’s cashflow.

Islamic State (IS) militant group has advanced further into Kurdish controlled territory in the last week, threatening lucrative oil and gas plays.

Genel, Afren and Gulf Keystone are the major operators in the region but none had as yet reported significant downtime due to the security situation.

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