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Oryx Petroleum announces production and appraisal drilling update for Demir Dagh field in Kurdistan Region of Iraq

7/07/2014 by


Oryx Petroleum Corporation Limited today announces a production and drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-6 appraisal well. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area.

Commenting today, Henry Legarre, Oryx Petroleum’s Chief Operating Officer, stated:

“We are very pleased that production and sales are both increasing smoothly and we are pleased with the results of DD-6. We successfully flowed oil from the well´s primary target in the Cretaceous. The results confirmed the presence of similar crude qualities for the Cretaceous reservoir tested at other wells drilled at Demir Dagh. However, sustained flow rates achieved were less than expected despite high well productivity. We encountered some natural gas at the top of the perforation interval which restricted our ability to use high choke sizes. If we did not encounter the gas DD-6 would likely have been one of our most productive wells at Demir Dagh.

We expect to spud DD-7 in the coming weeks and expect to drill three additional development wells at Demir Dagh this year in order to increase production capacity and continue delineating the field.

Importantly, our operations remain largely unaffected by the security situation in northern Iraq, outside of the Kurdistan Region. We continue to vigilantly monitor the situation and implement measures to mitigate risks.”

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