Shaikan is a producing heavy oil field located onshore Iraq and is operated by Gulf Keystone Petroleum International. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Shaikan. Buy the profile here.
An expansion project is associated with the Shaikan, namely the Shaikan (Trissaic Expansion & Cretaceous Pilot) Future Expansion Phase 2. This project is currently in the approval stage.
Field participation details
The field is owned by Gulf Keystone Petroleum and MOL Hungarian Oil and Gas.
Production from Shaikan
The Shaikan heavy oil field recovered 20.68% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 107.80 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 435.60 Mmboe, comprised of 435.60 Mmbbl of crude oil & condensate. Shaikan heavy oil field reserves accounts 1.01% of total remaining reserves of producing heavy oil fields globally.
For more details on the Shaikan Heavy Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
