Marathon Oil announced the discovery in Iraqi Kurdistan

Marathon Oil Corp. announced that exploration wells Dzhisik-1 (Jisik-1), drilled with the assistance of its branch Marathon Oil KDV BV within blocks of Harir (Harir Block) in Iraqi Kurdistan, oil and gas-bearing detected horizons. Well Dzhisik-1 4575 m deep was drilled about 66 km from the city of Erbil. Manifestations of oil and natural gas in sediments of Jurassic and Triassic age. Marked oil flow rates of 6.1 tys.barr. / Day, and the total inflow of free gas in the 3-4.5 million cubic meters / day. It was also noted the presence of gas condensate.

 

The well will be conserved for future use as a production. Equity participation Marathon Oil (operator) in Block Harir - 45% of the company Total - 35%, the government of Iraqi Kurdistan (Kurdistan Regional Government) - 20%.

 

 

December 3, 2014

IAC "Mineral"