GPK: Shewashan-2 to Begin Producing by Year-End
Gas Plus Khalakan (GPK) announced Tuesday that the Shewashan-2 development well will contribute to the 10,000 barrels of oil per day Phase 1 production target of the Shewashan oil field in the Kurdistan Region of Iraq by the end of 2016.
The news follows the completion of testing at the development well, which was spud Oct. 1, 2015, and drilled to a depth of 9,081 feet at a cost of $19.5 million. During these tests, the well flowed at a maximum rate of 4,400 barrels of oil per day from Cretaceous fractured carbonate reservoirs. GPK will now proceed with the recompletion of the Shewashan-1 well as a deviated producing well.
Steve Lowden, CEO of New Age, said in a company statement:
“GPK is delighted with the progress of the Shewashan development and with the continued support from the KRG and the improving conditions in Kurdistan.”
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