Sarsang oil output in Iraqi Kurdistan set to exceed 50,000 bpd

ShaMaran Petroleum

27/10/2022 12:03

Oct 27 (Reuters) - The Sarsang oil block in Iraq’s
semi-autonomous Kurdistan region is on track to produce over
50,000 barrels per day (bpd) by the end of October, up by around
70% after the completion of a new 25,000 bpd production
facility.
    The block is operated by Dallas, Texas-based HKN Energy,
which holds a 62% interest, and Canada-based oil firm ShaMaran
Petroleum  SNM.V , which acquired an 18% interest in the block
from France's TotalEnergies  TTEF.PA  this year. 
    The remainder is held by the Kurdistan Regional Government
(KRG). 
    The Sarsang block produces around 30,000 bpd of light crude
from its Swara Tika and East Swara Tika fields. 
    Production rates from the new wells and facility are
expected to exceed 20,000 bpd by the end of October, HKN and
ShaMaran said.
    Around 90% of Sarsang crude will now be exported through an
oil pipeline which connects to the KRG’s main export pipeline,
HKN said. This runs to the Turkish port of Ceyhan.
    Oil from Sarsang was previously trucked to the Fishkabur
area of Iraq's Dohuk province, near the Turkish border.
 (Reporting by Rowena Edwards; editing by Jason Neely)
 ((Rowena.Edwards@thomsonreuters.com;))