Oil industry in Kurdistan
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Transcript of Oil industry in Kurdistan
OIL INDUSTRY IN KURDISTAN
Muhammad Faisal & Muhammad Nawzad
Petroleum Engineering Department
Koya University
May 10th 20141
Introduction:
Kurdistan accounts for 43.7 billion
barrels of proven oil reserves, 25.5 billion
more barrels of unproven reserves and
between 3 and 6 trillion cubic meters of gas
(30% of Iraq's proven oil reserves). If
Kurdistan was a country, the amount of oil
and gas reserves would place it among the
top 10 oil rich countries in the world.
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Introduction (continued):
Apparently this attracted many petroleum
industry giants from all over the world. Both
service and operating (drilling) companies
exist in Kurdistan.
Drilling companies physically drill and
pump oil out of the ground. The people with
the skills and expertise to operate drilling
equipment are in high demand.
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Introduction (continued):
But service companies assist the drilling
companies in setting up oil and gas wells.
They manufacture and repair equipment
used in oil extraction and transport.
These companies signed production
sharing contracts PSCs with the KRG, which
is a contract concerns how much oil each of
the country and the company will receive.
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Operating Companies:
DNO is a Norwegian company entered
Kurdistan in 2004. DNO works at Tawke,
Peshkhaber, Bastora, Benanan and
Summail fields.
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Operating Companies (continued):
Genel Energy is a Turkish company
entered KR in 2002, Genel holds seven
PSCs, and they are TaqTaq, Bina Bawi, Ber
Bahr, Tawke, Miran, Chia Surkh and Dohuk
PSCs.
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Operating Companies (continued):
ShaMaran is a Canadian-based oil and
gas company. It is a Kurdistan-focused oil
development and exploration vehicle with
two ongoing projects in the region: the
Atrush oil discovery, and the Taza
exploration blocks.
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Operating Companies (continued):
WesternZagros is a Canadian company
that started working in the region in 2004.
WesternZagros is working in Kurdamir and
Garmian blocks.
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Operating Companies (continued):
Talisman Energy Inc is a Canadian
operating company. Talisman has an
interest in two blocks, Kurdamir and
Topkhana.
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Operating Companies (continued):
Sterling Energy is a British company.
Sterling is the 53.33% operator of the
Northern Sangaw Block in Kurdistan. The
other share holders are Addax and KNOC.
They spudded the first well on February 1st
2010.
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Operating Companies (continued):
Gulf Keystone Ltd is a British company.
In November 2007 it secured interests in two
PSCs, Shaikhan and Akri-Bijeel. In 2009 it
held two other PSCs, Sheikh Adi and Ber
Bahr.
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Operating Companies (continued):
Marathon Oil Corporation, is an
American company. In October 2010,
Marathon acquired a position in four
exploration blocks in Kurdistan, and they are
Harir, Safeen, Atrush and Sarsang.
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Service companies:
Oil Serv is a company specialized in
providing oilfield services to the operating
companies. This company is specialized in
Open Hole Wireline Logging, Cased Hole
Wireline Logging, Cementing, Acidizing,
Well Testing and Coiled Tubing Services.
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Service companies (continued):
Rotary Drilling Company Ltd is a
Hungarian company. During the 80′s, Rotary
was a major well driller in the Rumaila oil
field in Southern Iraq. Today, they are
concentrating on the Kurdistan region. They
have started implementing their first rig in
March 2011.
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Service companies (continued):
Weatherford International Ltd is one of
the largest global providers of advanced
products and services that span the drilling,
evaluation, completion, production and
intervention cycles of oil and natural gas
wells.
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Service companies (continued):
KAR group is a local company
established in 1999 with its main
headquarters in Erbil. KAR Company
executed many projects in the field of Oil
including Khurmala Oil Field.
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Service companies (continued):
Air Drilling Associates is a world leader
in applying air, mist, foam, aerated fluid and
other underbalanced techniques for
petroleum and geothermal drilling projects.
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Conclusion:
It is known that Kurdistan is rich for its oil
and gas. It has estimated reserves of about
45 billion barrels of crude oil and about 3-6
trillion m3 of natural gas, and that made oil
companies from all over the globe to rush in
here to invest in Kurdistan's oil fields, and
many other are going to come in the future
and that means more job opportunities for
future generations.
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