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Oryx Petroleum

Oryx Petroleum announced an update on the drilling of an appraisal well targeting the Tertiary reservoir at the Banan field in the Hawler license area in the Kurdistan region of Iraq. In late May and early June, the Banan-3 well was drilled to a depth of approximately 500 m and completed in open hole, partially penetrating the reservoir. Oil production from the well has been enabled by the use of a jet pump and has averaged approximately 1,500 B/D. The company intends to continue the extended production test of the well to assess its performance, identify options for increasing production, and obtain information to refine plans for additional appraisal of the reservoir. On the basis of results from the Banan-3 well, the company expects that, in its reserves report for year-end 2018, oil reserves will be attributed to the Banan Tertiary reservoir.


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