Oryx Petroleum Resumes Operations in the Kurdistan Region of Iraq
Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Group”) today announces an update for its operations in the Hawler license area of the Kurdistan Region of Iraq (“Kurdistan Region”).
Commenting today, Oryx Petroleum´s Chief Executive Officer, Michael Ebsary, stated:
“We are very pleased that tangible improvements to the security environment in the Kurdistan Region have enabled us to resume all activities at our core asset, the Demir Dagh field. The resumption of production at higher levels after only a short interruption is very positive and, while the interruption will result in delays in our development schedule, we hope to minimise those and continue our rapid ramp-up in production.
Appraisal activities at our Ain Al Safra and Banan discoveries remain suspended pending further improvement in the security environment in the westernmost portions of the Hawler license area. Preparations for drilling at Zey Gawra continue but timing of actual drilling is not yet certain.
We are encouraged by the response of the Kurdistan Region and Iraq authorities, together with the support of the international community, to the conflict in northern Iraq. We continue to closely monitor the situation in close co-ordination with authorities in the Kurdistan Region and continue to take measures needed to ensure the safety of our personnel and operations.”
Source: Oryx Petroleum