Afren delivers positive update on Ain Sifni Block

Africa-focused oil and gas group Afren has reported positive test results from the Simrit-2 well on the Ain Sifni Block (20%) in the Kurdistan region of Iraq.

Africa-focused oil and gas group Afren has reported positive test results from the Simrit-2 well on the Ain Sifni Block (20%) in the Kurdistan region of Iraq.

The on-going testing programme on the well, which is operated by Hunt Oil Middle East, has delivered incremental flow rates of 5,368 barrels of oil per day (bopd), with a cumulative rate of 18,952 bopd from six of the 12 zones tested.

Osman Shahenshah, Chief Executive of Afren, said: "The latest test results on the Simrit-2 exploration well continue to suggest excellent production capability and the transformational potential of this discovery to Afren.

"The Simrit-3 well is drilling ahead and confirms the eastern extent of the large scale Simrit anticline."

Afren has a 20% interest in the blockm Hunt Oil Middle East 60%, and the Kurdistan regional government owns the remaining 20%.

NR

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