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Liftings underway at Sarta

By John Lee.

Genel Energy has announced that, following first oil production last week, first liftings have taken place from the Sarta field (Genel 30% working interest).

According to a statement from the company, the Sarta-3 well is producing at an initial rate of over 5,000 bopd, with an API gravity of c.27 degrees, in line with expectations at this stage.

Tanker loadings are now underway, with oil being transported to Khurmala for offloading into the export pipeline.

(Source: Genel Energy)

The post Liftings underway at Sarta first appeared on Iraq Business News.

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Baghdad “bans” Kar Group from Kirkuk Oilfields

By John Lee.

The Iraqi parliament has reportedly banned Erbil-based Kar Group from operating oil fields in Kirkuk.

According to Rudaw, it assigned the state-owned North Oil Company (NOC) to take over oil production in the province and export it through Iraq’s State Oil Marketing Organisation (SOMO).

Reuters reports that Kar Group had been operating some of the Kirkuk oilfields since Kurdish Peshmerga forces took control of the city in 2014, following the retreat of the Iraqi army in the face of so-called Islamic State (IS, ISIS, ISIL, Daesh).

It is said to have failed to reach agreement with Baghdad after Iraqi forces re-took the area.

The Kurdish Regional Government (KRG) claims that the Khurmala field, part of the Kirkuk oilfields, is located inside its boundaries.

(Sources: Rudaw, Reuters)