“The Shewashan discovery establishes GPK as a production operator in the KRG's expanding oil and gas industry and has demonstrated the potential for significant quantities of light oil to complement the country's growing reserves base,” said Steve Lowden, director of GPK.
Shewashan-1 produced light oil (45API) on test from reservoir zones in the Cretaceous Shiranish, Kometan and Qamchuga formations. The Shewashan-1 well will now be put on production to gather data ahead of the final field development plan approval.
“We are pleased with this new light oil discovery which will contribute to our stated target of 1 million barrels of oil per day by the end of 2015 / early in 2016,” said Ashti Hawrami, Kurdistan Regional Government minister for natural resources.
Shewashan was the second exploration prospect drilled by GPK on the Khalakan Block situated between the TaqTaq and Miran fields. The field is now delineated with a 122 square kilometre production area.