Abu Dhabi National Energy Company PJSC (TAQA) has begun oil production at its Atrush Block in the Kurdistan region in Iraq.
TAQA is the operator of the block and holds 39.9% of working interest in the production sharing contract. Other co-venturers in the oil block include the Kurdistan Regional Government (25%), General Explorations Partners (a wholly owned subsidiary of ShaMaran Petroleum) 20.1% and Marathon Oil KDV.
Atrush Central Processing Facility, which has the capacity to handle up to 30,000 barrels of oil per day, has started producing oil. The Atrush Block is being developed with support from the Kurdistan Regional Government, ShaMaran and Marathon Oil.
The field, which is located 85km northwest of Erbil, is one of the largest and new sites in the Kurdistan region in Iraq to have oil deposits. It was discovered in 2011 and the development started in 2013. Initial production from the block is expected to be increased to 30,000 barrels of oil equivalent per day in 2017.
TAQA chairman Saeed Al Hajeri said: “Starting operations at Atrush is an important milestone for TAQA, its partners and the Kurdistan Region of Iraq. Atrush production will bring long-term cash flows to TAQA and we look forward to operating the asset with a commitment to the highest standards of health, safety and environmental protection.”
TAQA CEO acting Saeed Al Dhaheri said: “This achievement recognizes TAQA’s experience and capabilities in developing and operating complex oil and gas assets utilizing our global expertise.”
TAQA’s Iraq acting project director AbdulKhaliq Al Ameri said: “It is an exciting time for TAQA. Our dedicated team comprised of Kurdish, Emirati and international professionals have come together to deliver this outstanding achievement through their combined world-class knowledge and experience.”