ShaMaran Petroleum Corp V.SNM

Info from Shamaran partner in Atrush, TAQA ...

[Fred57]

Investing in Atrush to deliver full asset value

https://uae.jobscareernews.com/taqa-jobs-careers/

To achieve the business objective of maximizing value of the Atrush asset, significant ongoing development is required with c. $490 MM of capital spend planned in the next five years. Investment includes drilling 13 development wells, delivery of a gas management solution, expansion of water handing facilities, expansion of field infrastructure as well as appraisal and possible development of Triassic resources.

[hikari]

End of 2022 SNM will produce 18,000 bbl/d. 2025 SNM plans to produce 50,000 bbl/d. To produce more oil from the Sarsang, Atrush oil fields more production wells have to be drilled. The oil fields were discovered ~10 years ago and have not reached their production plateaus because of politicals problems and slow permitting KRG. Hopefully this time the ramp up of oil production is faster and with