The company has an 80% working interest in the block and is carrying the Kurdistan Regional Government’s 20% working interest.
The well design for Sheikh Adi-1 has been modified to drill through the geopressured sections of the Triassic. This high pressure interval forced the cessation of drilling on Shaikan-1, at the point when the well experienced the inflow of significant volumes of oil and gas from this section of the Triassic, the company said.
The Sheikh Adi-1 is designed to drill through the Cretaceous, Jurassic and the Triassic age rocks, to a planned total depth, depending on well results, of 3,850mt. Drilling is expected to take six months.
The company claims that the company’s estimated oil-in-place resource potential for the Sheikh Adi structure is in excess of one billion barrels.
