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Oryx Petroleum Announces Successful Test in Banan Oil Field

Accomplished testing phase in Kurdistan field

Oryx Petroleum Corporation Limited have announced the results from successful testing phase of the Banan-3 oil well. 

The well has been drilled at a depth of 500 meters, in order to penetrate the tertiary reservoir, with oil pumped out using a jet pump and reaching production levels of 1,500 barrels per day since testing initiated last week.

Oryx will continue to test the well and seek to expand production levels and improve performance.

CEO Vance Querio also revealed "The drilling or re-entry of four more wells is planned for the second half of 2018 subject to the performance of existing wells".

Source: Rudaw

 

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