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KRG approve HKN Energy's Sarsang Development plan to increase production to 50,000 bpd

HKN has also declared that the East Swara Tika-1 well, drilled adjacent to the Swara Tika structure, is commercial.

The Kurdistan Regional Government has approved HKN Energy's plan for Sarsang Development, to increase production to 50 000 bpd of oil.

HKN has also declared that the East Swara Tika-1 well, drilled adjacent to the Swara Tika structure, is commercial.

As operator of the Sarsang Block, HKN conducted extensive testing on the East Swara Tika-1 well bringing oil to the surface from both Triassic and Jurassic reservoirs with aggregate rates exceeding 8000 bpd of oil.

“We are pleased with the approval of our Development Plan and eager to proceed with the next phase of our programme,” said Russell Freeman, CEO of HKN.

HKN started commercial production of the Swara Tika-1 well in June 2014 and has since produced in excess of 1.5 million barrels of oil.

 

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