Monday, 19 May 2014

Oryx: Appraisal drilling update for Demir Dagh, Kurdistan


  • Oryx holds 65% WI in Hawler licence (Operator), KNOC (15%), KRG (20%)
  • On 19 May 2014, announced test results for Demir Dagh-3 ("DD-3") and Demir Dagh-5 ("DD-5") wells
    • DD-3: all four tests flowed successfully; crude quality similar to that at DD-2 and -4
      • Spudded in November 2013, 3km south-east of DD-2
      • Will now be completed as producer with DD-2 and -4
    • DD-5: Logging data and drilling fluid losses during drilling, only small amount of hydrocarbons recovered to surface
  • First production from Demir Dagh Area expected Q2 2014
  • DD-6 plus a further 4 appraisal/development wells to be drilled in 2014 to:
    • further increase production capacity
    • delineate reservoir
  • DD-6 well now spudded
  • Oryx also holds a 50% WI in Wasit, Kurdistan
    • Wasit is close to the super-giant East Baghdad field
    • 5 leads identified with 404mmbbl gross unrisked prospective resources
    • Seismic has been planned on the licence in 2014

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