View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 26, 2021updated 27 Apr 2022 12:35pm

Shaikan Heavy Oil Field, Iraq

By Carmen

Shaikan is a producing heavy oil field located onshore Iraq and is operated by Gulf Keystone Petroleum International. The field is located in block Shaikan.

Two expansion projects are associated with the Shaikan heavy oil field, namely Shaikan (Jurassic Expansion & Trissaic Pilot) Future Expansion Phase 1 and Shaikan (Trissaic Expansion & Cretaceous Pilot) Future Expansion Phase 2. The expansion projects are currently in the commissioning and 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 17.27% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 107.8 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 466.68 Mmboe, comprised of 466.68 Mmbbl of crude oil & condensate. Shaikan heavy oil field reserves accounts 1.07% of total remaining reserves of producing heavy oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology