Shamaran acquires more of Atrush

Shamaran has acquired an additional 15% interest in the Atrush field for USD60 million. This takes its share from 20.1% to 35.1%. The remaining owners are TAQA 39.9% and KRG 25%). The field began producing in July 2017 and currently has capacity to produce at 30mbopd. There are longer term plans to debottleneck and add future phases, potentially taking production beyond 100mbopd. The field’s potential is underpinned by its 102.7mmbbl...

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All’s well in western Kurdistan

The western part of Kurdistan appears to be holding up following the referendum last autumn. Although there is much to do to reconcile the fragile relationship between Federal Iraq and the Kurdistan region, things for now appear to have stabilised – however upcoming elections in both is limiting any meaningful progress with political candidates not willing to make any bold reconciliatory moves to avoid alienating voters. The operators in western...

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