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OMV extended well test begins production in Kurdistan

BY FRANKFURT BUREAU

VIENNA -- OMV said an extended well test (EWT), started production from the Bina Bawi-3 well in the Kurdistan region of Iraq on March 20,2013. The initial capacity of the EWT from Bina Bawi-3 is around 5,000 boepd with the potential to expand beyond this level to around 10,000 boepd, as future wells become available.

The Bina Bawi field, located east of Erbil, is operated by OMV which holds a 36% stake, 44% are held by Genel Energy and further 20% by KRG.

Further, the contractor group has submitted a Declaration of Commerciality for the field to the Ministry of Natural Resources of the Kurdistan Regional Government.

Dow Jones Newswires

04/04/2013

 

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