Afren makes 'potentially transformational' oil discovery

Afren thinks it might have struck it big in the Kurdistan region of Iraq with its Simrit-2 exploration well.

Afren thinks it might have struck it big in the Kurdistan region of Iraq with its Simrit-2 exploration well.

Preliminary analysis of data collected during and after drilling indicates that the well has encountered an estimated 409 metres of net oil pay. No oil water contact has been established, the firm said.

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