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Flow rate increases at MOL appraisal well in Iraq

Removal of formation plugging around the well bore via acid treatment following completion as a Sargelu/Alan formation producer has resulted in a stabilized flow rate of 9,800 bopd (barrel per day) on a 128/64th-inch choke with a flowing tubing pressure of 264psi at Hungarian oil and gas company MOL's Shaikan-3 Block shallow appraisal well in the Kurdistan region of Iraq.

The flow rate is 30% higher than the flow rate of 7,480 bopd recorded at the company's Shaikan-1 Block in the region, MOL announced on Monday.

MOL said similar acid treatment will be performed to remove formation plugging on the Shaikan-1 Block. Both the Shaikan-1 and Shaikan-3 blocks are linked to nearby extended well-test facilities with a storage capacity of over 20,000 barrels.

MOL's 100%-owned unit Kelgran Ltd owns a 20% share in the blocks, while Gulf Keystone Petroleum International owns 75% and Texas Keystone owns 5%. (MTI-Econews)