TSXV:ART.H - Post by User
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sledheadon Jan 13, 2011 6:53pm
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Kurd News Jan 7 2011
Kurd News Jan 7 2011In Kurdistan, Gulf Keystone Petroleum (GKP) has completed drilling and testing operations on its Shaikan-3 shallow appraisal well designed to test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The well drilled the entire Cretaceous interval and on into the Jurassic Sargelu formation and based on testing and log data the current P50 to P10 estimate of Garagu oil in place volumes is 220 million to 2.2 billion barrels. The large spread between P50 and P10 volumes is due to the uncertainty with respect to the exact nature of the Cretaceous down dip, on the flanks of the Shaikan structure. Due to the different characteristics of the Cretaceous oil, the Shaikan-3 well has been completed as a second Jurassic producer from the Sargelu formation and will flow into the same test facilities as the Shaikan-1 well