Asset Report

Sarsang Development Area

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18 January 2019

Sarsang Development Area

Report summary

The Sarsang block is located in northern Kurdistan, just north of the Shaikan and Atrush oil fields. The block is operated by HKN Energy, a subsidiary of Dallas-based Hillwood International, with Total partners in the licence. Two discoveries have been made on the block, Swara Tika in March 2011 and East Swara Tika in April 2015. If resources at East Swara Tika are fully commercialised, the Sarsang Development Area could become Kurdistan's second largest by recoverable resources. A field development plan was approved for the Swara Tika oil field in November 2015. The development has taken a phased approach to date with three processing facilities and six wells drilled. However HKN are planning a large capital investment to boost production. In our base case view we assume peak production reaches 56,500 b/d in 2021. Currently all produced oil is transported to Fishkabour via truck for injection into the export pipeline to Ceyhan. Future development plans include ...

Table of contents

Tables and charts

This report includes 27 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Detail Map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production Profile
  • Infrastructure: Table 1
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2019
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2019)
  • Remaining PV Price Sensitivities
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Economic analysis: Table 4

What's included

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    Sarsang Development Area

    PDF 8.67 MB

  • Document

    Sarsang Development Area

    XLS 796.50 KB

  • Document

    Sarsang Development Area

    ZIP 9.30 MB

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