MOL makes new discovery in Iraqi Kurdistan

20 February 2013

Hungarian firm MOL building well-test facility at Akri-Bijeel block in northern Iraq

MOL Hungarian Oil & Gas has made its second oil and gas discovery at the Akri-Bijeel block in the Kurdistan region of northern Iraq.

MOL drilled the Bakrman-1 well in May 2012 to a total depth of 4,100 metres, which was followed by a well-testing programme targeting reservoirs in the Jurassic and Triassic formations, according to a 20 February statement by London-listed Gulf Keystone Petroleum. Gulf Keystone has a 20 per cent stake in the block.

Two open-hole tests and three cased-hole tests have so far been carried out by MOL, with the second open-hole test carried out at between 3,930 and 4,100 metres. This resulted in daily flow rates of about 2,616 barrels a day (b/d) of light oil with an American Petroleum Institute (API) gravity of 32 to 35 degrees and a gas flow rate of 5.86 million cubic feet a day (cf/d).

MOL is expected to complete the well-testing programme in April. Further appraisals are planned for the Bijeel discovery, with Bijeel-2 and 5 wells scheduled for 2013. The company is currently building and commissioning an extended well-test facility for the Bijeel discovery.

Due for completion by the end of February, it will have a total capacity of 10,000 b/d and storage for 30,000 barrels. The facility will be completed and tied to the well once a work-over rig arrives. First test production is expected in May.

MOL signed a production-sharing agreement with the Kurdistan Regional Government (KRG) for the Akri Bijeel block in 2007.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications