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November 26, 2021

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.

Three expansion projects are associated with the Shaikan heavy oil field, namely Shaikan (Jurassic Expansion & Trissaic Pilot) Future Expansion Phase 1, Shaikan (Trissaic Expansion & Cretaceous Pilot) Future Expansion Phase 2 and Shaikan Development. The expansion projects are currently in the feasibility and commissioning stage.

Field participation details

The field is owned by MOL Hungarian Oil and Gas, Texas Keystone and Gulf Keystone Petroleum.


Production from Shaikan

The Shaikan heavy oil field recovered 14.30% 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 488.65 Mmboe, comprised of 488.65 Mmbbl of crude oil & condensate. Shaikan heavy oil field reserves accounts 1.07% of total remaining reserves of producing heavy oil fields globally.


Contractors involved in the Shaikan heavy oil field

Some of the key contractors involved in the Shaikan project as follows.

Design/FEED Engineering: Gas Liquids Engineering

Other Contractors: Petrolia

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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.

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