MOL Says Shaikan Block Crude Output Reached 40,000 BPD

Reuters

BUDAPEST, Jan 5 (Reuters) – Hungary's oil and gas group MOL said on Monday that daily crude production from the Shaikan block in the Kurdish region of Iraq reached 40,000 gross barrels per day on December 27 and there was "huge" further upside.

MOL said in a statement that on Dec. 29 nearly 58,000 gross barrels of Shaikan crude was sent by truck to the Turkish coast for further export sale.

Alexander Dodds, MOL Group Executive Vice President for Upstream said reaching the 40,000 barrels per day level was a significant milestone in the project, and the further upside was "huge."

MOL has a 20 percent working interest in the Shaikan block, where Gulf Keystone is the operator.

(Reporting by Krisztina Than)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
United States Odessa: Field Engineer - Logging and Perforating
Expertise: Field Development
Location: Odessa, TX
 
Project Procurement & Contracts Advisor (Subsea Equipment)
Expertise: Contracts Engineer|Purchasing|Subsea Engineering
Location: Houston, TX
 
Drilling Engineer II Job
Expertise: Drilling Engineering|Petroleum Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours