The Peshkabir discovery is located on the west side of the Tawke block PSC area, and is currently being appraised. The structure is a high amplitude anticline, which forms a mountain range on the surface with shallow layers outcropping to the surface on the flanks of the structure.
Production from the Peshkabir field in the Tawke licence in the Kurdistan Region of Iraq stood at 25,000 bopd following completion of the Peshkabir-4 well testing program.
The well has been placed on production at a rate of 10,000 bopd through a 72/64" choke with 790 psi wellhead pressure through temporary, capacity-constrained test facilities and the oil trucked to Fishkhabur for export.
The Peshkabir-4 well was designed as a high angle well to assess the central part of the structure four kilometres west of the Peshkabir-3 well and drilled to a measured depth of 3,525 meters, including a 1,150 meter extended reach reservoir section. A total of 11 zones were tested and flowed between 1,500 bopd and 7,000 bopd per zone.
The next well in the 2018 field development campaign, Peshkabir-5, has been drilled seven kilometres west of Peshkabir-3 and has successfully proved the westward extension of the field. Completed in June, it is currently undergoing final testing; a total of four zones have been tested so far and flowed between 4,000 bopd and 7,500 bopd per zone. This well will be brought onstream in August and the operator, DNO, expects to reach and surpass its previously announced summer 2018 Peshkabir production target of 30,000 bopd.
Two other wells, Peshkabir-6 and Peshkabir-7, are drilling ahead at 3,900 meters and 3,100 meters, respectively. Peshkabir-6, a near vertical well, will explore the field's deeper Triassic formation and establish the Cretaceous oil/water contact level. Peshkabir-7 is a high angle producer well located between Peshkabir-4 and Peshkabir-5.
The Peshkabir field was brought on production in 2017 and two drilled wells last year, Peshkabir-2 and Peshkabir-3, have produced at a constant combined rate of around 15,000 bopd.
In line with Genel’s strategy of investing in those areas that provide the best returns, the focus of drilling in 2018 will be on the Peshkabir field. Following the signing of the Receivable Settlement Agreement, these are highly cash-generative barrels for Genel.