Asset Report
Shaikan
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Shaikan is a heavy oil field located in the Kurdistan Region of Iraq (KRI), 60 kilometres north of Erbil. It is one of the largest fields in Kurdistan with oil initially in place (OIIP) estimated at 4.2 billion barrels. Hydrocarbons have been encountered in Cretaceous, Jurassic and Triassic reservoirs. The primary producing reservoir is the Jurassic, which lies at relatively shallow depths and contains heavy crude. The Triassic, although deeper and holding lighter crude, remains ...
Table of contents
- Summary
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Key Issues
- Issues common to oil developments in the Kurdistan Region of Iraq
- Issues specific to the Shaikan development
- Emissions
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Key Development Metrics
- Phase 1
- Phase 2
- Phase 3
- Exploration costs
- Capital costs
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Operating costs
- Signature bonus
- Royalty
- Cost recovery
- Depreciation
- Profit oil
- Bonus payments
- Capacity building payments (Gulf Keystone Petroleum)
- State costs
- Cash flow
- Global Economic Model (GEM) file
- Cash Flow
- Indicative Technical Valuations
Tables and charts
This report includes the following images and tables:
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Capital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)Cash Flow (US$)
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PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesSub-commercial field expansionIndex MapDetail Map
- 12 more item(s)...
What's included
This report contains:
