DNO finds oil in north Iraq well (Kurdish region)

[sabra]

http://www.tradearabia.com/tanews/newsdetails_snOGN_article98240.html

DNO finds oil in north Iraq well


Norwegian oil group DNO has struck oil in a well in the Kurdish area of northern Iraq, the company said.

It said that the Tawke number 1 well, spudded on November 28, had found oil in a first prospective reservoir at a depth of 350 metres. It said that the oil was similar to oil found in other similar reservoirs in Northern Iraq.

'The forward plan is to continue drilling the full reservoir section, which could be up to 800 metres thick according to the prognosis,' it said.

DNO is operator of the production sharing agreement with a 40 percent stake. It did not give details of the other holdings. -Reuters

[alfredo]

1. Any bets on when the Kurds

declare independence?

[Moderator]

2. kick

[54anickel]

3. DNO discovers oil in Northern Iraq

http://www.norwaypost.no/cgi-bin/norwaypost/imaker?id=20636

The Norwegian oil company DNO (Det Norske Oljeselskap) has discovered oil in its first test well in the Kurdish area in Northern Iraq. The test drilling started less than a month ago.

In a message to the stock exchange DNO stated that the first well within DNO's PSA's located in the Kurdish area of Northern Iraq, Tawke # 1 has encountered movable oil at the top of the first prospective reservoir interval.

snip>

The forward plan is to continue drilling the full reservoir section, which could be up to 800 meters thick according to the prognosis. Thereafter wireline logging will be undertaken to evaluate the reservoir with respect to reservoir characteristics and movable oil content.

DNO is the Operator of the PSA with a 40 % beneficial interest.

more...


From a earlier article:
Shock as Kurds Drill for Oil in Northern Iraq
http://egyptelection.com/modules.php?name=News&file=article&sid=969

The Kurdish regional government’s surprise announcement that it had begun drilling for oil in the north of Iraq sparked alarm yesterday, two weeks ahead of national elections.

Iraqi politicians questioned the invocation of a disputed constitutional clause suggesting regional governments had the right to enter independently into contracts to develop new fields.

snip>

Concern about how Iraq’s oil resources will be shared has been a source of discontent among Sunni Arabs, who fear autonomous deals by Shi’ites in the south and Kurds in the north will cut them off from oil wealth.

snip>

In negotiations over the constitution, a regional right to develop unexploited fields was opposed by many Sunni Arabs from the oil-poor centre of the country, and is presumably one of the main points to come up in a discussion of possible constitutional amendments scheduled for early next year.

more...

[izzie]

4. Guess we can not let them rule them self.

Any one know just where we will build our base?

[ClintonTyree]

5. Yeah, now we'll be fighting the Kurds........

the ones who, up until this oil find, were our allies in the quest for the democratization of Iraq. Now that the BFEE knows there's more sweet crude in the north they'll have to take steps to insure that they, and only they, will control it. If I were the Kurds I'd be sweating it a bit right now. Can we expect another "shock and awe" to grab that oil as well? Only time will tell.

[teryang]

6. Discovering oil in northern Iraq!

That's like finding water in the bathtub isn't it?

[hatrack]

7. There are some fields near Mosul and Kirkuk

But the bulk of Iraq's reserves -the really big fields - are located well to the south.

http://news.bbc.co.uk/1/shared/spl/hi/middle_east/02/iraq_key_maps/html/oil_fields.stm

[harpo]

8. I'm sure that "someone" knew there was oil in the north