Strong production performance: Atrush produced 46% more oil in 2019 compared to 2018 production (32,393 barrels of oil per day (“bopd”) vs. 22,157 bopd) and was within production guidance range of 30,000 to 35,000 bopd.
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2018-11-24 Atrush Contract • On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC Amendment”) and Atrush Facilitation Agreement were concluded between TAQA Atrush B.V. (“TAQA” and the Operator of the Atrush Block), General Exploration Partners. Inc. (“GEP” and a wholly owned subsidiary of On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC Amendment”) and Atrush Facilitation Agreement were concluded between TAQA Atrush B.V. (“TAQA” and the Operator of the Atrush Block) , G eneral Exploration Partners. Inc. The KRG acquires a 25% interest in the PSC effective November 7, 2012, the date of declaration of commerciality ("DOC date"). As a consequence the respective participating interests in the Atrush TAQA and GEP have under the Atrush JOA agreed a priority arrangement for sharing their combined initial $49.9 million share of exploration cost oil revenues such that TAQA receives the initial $10.8 million and GEP receives the next $39.1 million, thereafter cost oil revenues for these two parties is determined by their relative participating interests in the Atrush PSC. · We continued to self-fund Atrush development with stable cash inflows. · · The Company received $7.1 million for its entitlement share of Atrush PSC profit oil and cost oil for April 2019 oil deliveries.
A further 3.9 million has been received in the year to date 2019 relating to January 2019 oil sales. All Atrush petroleum costs from the DOC date through the commencement of oil exports from Atrush will be paid by the Non-Government Contractors and the majority of the KRG’s share of these costs will be repaid through an accelerated PSC cost recovery arrangement from the sale of future oil production from Atrush… Governance. TAQA holds a 47.4% working interest in the Atrush Block, with the Kurdistan Regional Government (25%) and General Exploration Partners, Inc. (27.6%) holding the remaining interests through participation in a production-sharing contract (PSC). 2016-11-08 The KRG acquires a 25% interest in the PSC effective November 7, 2012, the date of declaration of commerciality (“DOC date”). As a consequence the respective participating interests in the Atrush PSC are TAQA at 39.9%, the KRG at 25%, GEP at 20.1% and Marathon Oil KDV B.V. at 15%; Atrush Field. 80 likes · 619 were here. Atrush Field is an oilfield near Dohuk, Iraqi Kurdistan.
On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC Amendment”) and Atrush Facilitation Agreement were concluded between TAQA Atrush B.V. (“TAQA” and the Operator of the Atrush Block) , G eneral Exploration Partners. Inc.
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Chelsey Fawcett. Sales Administrator Eastern Ontario at Rush Truck Centres of Canada Chelsey Patton. Dentist/Practice Owner at Oasis Family Dentistry PSC.
The Acquisition, with effect from January 1, 2018, includes a 15% working interest in the Atrush PSC as well as USD 21.3 million in loans provided to the Kurdistan Regional Government of Iraq ("KRG") which fall due over the 22 months beginning January 1, 2018. Atrush. PSC - Atrush - GEP - 10/11/2007; First Amendment Agreement - 01/08/2010; Marathon Gaurantee - 20/10/2010; Marathon LOR - 20/10/2010; TPI Assignment, Novation Discover the magic of the internet at Imgur, a community powered entertainment destination. Lift your spirits with funny jokes, trending memes, entertaining gifs, inspiring stories, viral videos, and so much more.
("ShaMaran" or the "Company") (TSX VENTURE: SNM) (NASDAQ OMX: SNM) is pleased to announce that TAQA Atrush B.V. (“TAQA”), as operator of the Atrush Block Production Sharing Contract (“PSC”), has entered into an Engineering, Procurement and Construction (“EPC
Atrush Contract • On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC Amendment”) and Atrush Facilitation Agreement were concluded between TAQA Atrush B.V. (“TAQA” and the Operator of the Atrush Block), General Exploration Partners. Inc. (“GEP” and a wholly owned subsidiary of
2018-11-24 · Shamaran moved on up to Atrush PSC, the KDP’s area, with Texas oil baron, Alex Cranberg’s Aspect Energy in 2010, resulting in a power shift of IOCs in Kurdistan. Dr Ashti Hawrami had taken Lundin Group’s flagship Kurdistan operation Shamaran Petroleum into the KDP’s territory, by using Shamaran Petroleum to start exploration of Atrush PSC for Aspect Energy GEP.
ShaMaran Petroleum Corp. is pleased to announce that TAQA Atrush B.V. , as operator of the Atrush Block Production Sharing Contract , has entered into an Engineering, Procurement and Construction contract
o Entitlement share of Atrush PSC profit oil and cost oil: from commencement of exports in July 2017 up to the date of the MD&A the Company has received payments totalling $8.5 million which reflect its entitlement share of the $44.2 million in total payments received by the Atrush Non-Government Contractors from the KRG for
TAQA, as operator of the Atrush PSC, is responsible for the construction of the Spur Pipeline to the block boundary.
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As a consequence the respective participating interests in the Atrush PSC are TAQA at 39.9%, the KRG at 25%, GEP at 20.1% and Marathon Oil KDV B.V. at 15%; Define Atrush Block Agreements.
On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC […]
In 2014 after a meeting of the Atrush Management Committee and the KRG Ministry of Natural Resources changes in terminology used with respect to activity in the Atrush Field were made: “Atrush Block”, “Atrush PSC” & “Atrush Field” were unchanged.
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Atrush Contract • On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC Amendment”) and Atrush Facilitation Agreement were concluded between TAQA Atrush B.V. (“TAQA” and the Operator of the Atrush Block), General Exploration Partners. Inc. (“GEP” and a wholly owned subsidiary of
means the Assignment, Novation and Fourth Amendment Agreement to the Atrush Block PSC entered between KRG, GEP, MOKDV and TAQA dated November 7, 2016. Atrush. PSC - Atrush - GEP - 10/11/2007; First Amendment Agreement - 01/08/2010; Marathon Gaurantee - 20/10/2010; Marathon LOR - 20/10/2010; TPI Assignment, Novation The Acquisition: The Acquisition, with effect from January 1, 2018 , includes a 15% working interest in the Atrush PSC as well as USD 21.3 million in loans provided to the Kurdistan Regional Government of Iraq ("KRG") which fall due over the 22 months beginning January 1, 2018 . 2016-11-08 · The 4 th PSC Amendment and Atrush Facilitation Agreement include the following principal terms: The KRG acquires a 25% interest in the PSC effective November 7, 2012, the date of declaration of Discover the magic of the internet at Imgur, a community powered entertainment destination.