Shaikan Oil Field

Summary Information

• Operator: Gulf Keystone
• Country: Iraq
• Location: Kurdistan Region of Iraq
• Production start: Expected 2013
• Partners: MOL
• Type: Heavy Oil
• Estimated Reserves: Gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels
• Production Volume:

+++ Description

• Based on the current development plans of the operator Shaikan’s total production capacity will be 40,000 barrels per day (bpd) in the first phase, increasing to 150,000 bpd in the next three years and to 250,000 bpd by 2018.

+++ Contractors

• -

+++ History

• 2009 - Shaikan Oil Field discovered
• 2012 - Shaikan-5 Appraisal Well drilled
• 2012 - Gulf Keystone submitted a Declaration of Commercial Discovery
• 2013 - Final Investment decision made
• 2014 - Commencement of Shaikan crude oil exports

+++ Geology

+++ Links

1. Significant Oil Discovery in the Kurdistan Region of Iraq Shaikan-1, Shaikan Block
2. Shaikan-5 Appraisal Well Update
3. Shaikan Declaration of Commercial Discovery
4. New Discovery in the Kurdistan Region of Iraq
5. Further exploration of the Shaikan commercial discovery with Shaikan-7
6. Approval of Shaikan Field Development Plan
7. Spudding of Shaikan-10 Development Well
8. Shaikan Production Update
9. Commencement of Shaikan crude oil exports