Gas Plus Khalakan

Gas Plus Khalakan (GPK) reported that it had produced 65,000 bbl of oil over 180 days from the Shewashan-1 discovery well in Iraq’s Kurdistan Region before increased water production caused it to be shut in. The discovery on the Khalakan Block tested at a maximum rate of 2,850 B/D of light oil in 2014. The well will either be worked over, sidetracked, or converted to water disposal if necessary, the company said. GPK has spudded the Shewashan-2 development well and plans to drill a third development well immediately afterward. GPK is the operator of the Khalakan production sharing contract with an 80% interest.