Atrush Field
| Atrush Field | |
|---|---|
 |
|
| Country | Iraq |
| Region | Mosul |
| Location | Sheikan district |
| Offshore/onshore | Onshore |
| Coordinates | 36°51′48″N 43°27′1″E / 36.86333°N 43.45028°ECoordinates: 36°51′48″N 43°27′1″E / 36.86333°N 43.45028°E |
| Operators | TAQA (39,9%) |
| Partners |
Kurdistan Regional Government (25%) ShaMaran Petroleum Corp. (20,1%) Marathon Oil (15%) |
| Field history | |
| Discovery | April 13th 2011 |
| Start of production | July 3rd, 2017 |
| Production | |
| Producing formations | Jurassic fractured carbonate |
Kurdistan Regional Government (25%)
ShaMaran Petroleum Corp. (20,1%)
Atrush Field is an oilfield near Dohuk, Iraqi Kurdistan. It was discovered by the Consortium of General Exploration Partners. As of March 12, 2013 the Kurdistan Regional Government (KRG) has exercised its option to acquire a 25% Government Interest of the Atrush Field according to the PSC contract.
Oil began flowing through the Atrush Central Production Facility on July 3, 2017. In September 2017, an agreement for the sale of Atrush oil was signed between TAQA, its partners and the KRG. Under the agreement, the KRG will buy oil exported from the Atrush field by pipeline at the Atrush block boundary. The quality of the oil will force a price adjustment of approximately $16/bbl lower than the dated Brent oil price. All local and international transportation costs will be an additional fee. This discount is based on the principles similar to other oil sales agreements in the Kurdistan Region of Iraq.
In 2014 after a meeting of the Atrush Management Committee and the KRG Ministry of Natural Resources changes in terminology used with respect to activity in the Atrush Field were made:
Atrush-1 (AT-1) well was successfully spudded on October 5, 2010. The well had a natural flow of 6,393 barrels of oil per day. General Exploration Partners discovered 726 meters of oil column and 120 meter netpay.
General Exploration Partners (GEP) held 80% of Atrush-1 and was in cooperation with Aspect Energy International, whom owned 2/3 of GEP, thus Aspect Energy International had a share of 53,2%. Aspect Energy International sold its interest in GEP to TAQA for $600 mln, which basically transferred Aspect's interest in GEP to TAQA. Shamaran's interest remains at 26,8% of Atrush-1, and the remaining 20% is held by Marathon Oil.
Atrush-2 (AT-2) well was successfully spudded on May 23, 2012. The well had a flow of 42212 barrels of oil per day using a Submersible pump, estimated to have been the highest flow ever in Iraqi Kurdistan. The design of the DST Program as well as the permanent completion was managed by Richard Sharpe, Damon Yarshenko, and Wes Whitman with key execution support provided by core contractors. AT-2 was completed for production in Q3 of 2016.
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