Independent oil and gas company Afren has reported additional oil flows and positive test results from the Simrit-2 exploration well in the Kurdistan region of Iraq.
A cumulative flow rate of 13,584 barrels of oil per day of 39° API gravity oil was achieved from three out of 12 zones when the well was drilled to a depth of 3,800m.
Afren had previously encountered an estimated 409m of net oil pay at the well from Cretaceous, Jurassic and Triassic reservoirs when spud to a total depth of 3,700m.
Afren chief executive Osman Shahenshah said, "The latest results on the Simrit-2 exploration well confirm the transformational potential of this discovery to Afren, further validated by the test results, suggesting excellent production capability."
While the partners plan to conduct 12 separate drill stem tests throughout the Cretaceous, Jurassic and Triassic aged reservoirs, only three DSTs have been completed so far at separate zones within the Triassic age Kurra Chine Formation.
Analysis of the well data indicated the presence of light oil shows throughout the deepened sections, extending the estimated net pay encountered by the well to 460m.
Oil-water contact was not indicated in the target reservoirs.
Afren will now mobilise the Viking-11 drilling unit at the Simrit-2 location which will be later moved to the East Simrit prospect to drill the Simrit-3 exploration well.
Afren has a 20% interest in the Ain Sifni production-sharing contract and is partnered with operator Hunt Oil Middle East with a 60% stake, while the Kurdistan Regional Government holds the remaining 20% stake.