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.

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The Atrush block is a crude oil development with ten producing wells, an on-block central processing facility and a temporary early production facility located at one of the drilling pads. 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. SNM PSC revenues 2019 post Marathon deal 27.1% in Atrush - Album on Imgur 576 views on Imgur: The magic of the Internet An outline of the Atrush PSC Revenue Flow of General Exploration Partners.

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("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.

Continued self-funding of Atrush development: During the year the Company received $55.8 million for its entitlement share of Atrush PSC profit oil and cost oil for deliveries made from October 2018 to July 2019, and collected a further $5.7 million relating to the Atrush Exploration Costs receivable 2. 2016-11-08 Atrush related cash inflows in the three months ending March 31, 2019: $14.5 million for entitlement share of Atrush PSC profit oil and cost oil for October 2018 through December 2018 oil deliveries. A further 3.9 million has been received in the year to date 2019 relating to January 2019 oil sales.

In a production sharing contract (“PSC”) the host country’s government awards to an oil company (or group of companies, typically called the Contractor) the rights to explore in a specified area and following discovery of hydrocarbons in such area the right to produce such discovered resources.

Atrush Field. 80 likes · 619 were here.

Atrush Field is a Jurassic fractured carbonate oilfield near Dohuk, Iraqi Kurdistan. It was discovered by the Consortium of General Exploration Partners. As of March 12, 2013 the Kurdistan Regional Government (KRG) has exercised its option to acquire a 25% Government Interest of the Atrush Field according to the PSC contract.

GEP and TAQA are in disagreement as to the correct interpretation of participating interest share of Atrush cash calls which are due and payable by GEP under the JOA and the Atrush Block Production Sharing Contract (the "PSC"). GEP has paid, and will continue to pay, all cash calls in full in accordance with its participating interest. 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%; A Field Development Plan for the Atrush Block was submitted for approval to the KRG on May 7, 2013 which is in accordance with the terms of the Atrush Block PSC. The Atrush-3 appraisal well, located five kilometers to the east of the Atrush-2 appraisal well, was spudded on March 25, 2013 with a planned total depth of 1,700 meters. On March 12, 2013 the Contracting entities to the Atrush Block PSC were notified by the KRG that it had exercised its option to acquire a 25% Government Interest in accordance with the provisions of the Atrush Block PSC. Financial and Operating Results for the year ended December 31 st 2012 ShaMaran Petroleum är ett kanadensiskt bolag verksamma inom olje- och gasindustrin.

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. It was discovered by the Consortium of General On November 7, 2016 the 4 th PSC Amendment and Atrush Facilitation Agreement were concluded between the Non-Government Contractors and the Kurdistan Regional Government ("KRG") resulting in, among other things, the KRG acquiring a 25% participating interest in the Atrush PSC and in a 20.1% interest for General Exploration Partners, Inc. (a wholly owned subsidiary of the Company).
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2017 — The KRG acquires a 25% interest in the Atrush PSC effective November 7, 2012, the date of declaration of commerciality (“DOC date”). 15 mars 2021 — mars 2013 har Kurdistans regionala regering (KRG) utnyttjat sin möjlighet att förvärva 25% statligt intresse för Atrush-fältet enligt PSC-avtalet. respect of the Atrush Block production sharing contract (Atrush Block PSC) related to a petroleum property located in the Kurdistan Region of Iraq (Kurdistan​).

("ShaMaran" or the "Company") (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce that it has entered into an agreement to acquire a further 15% working interest in the Production Sharing Contract – Atrush Block, Kurdistan Region of Iraq dated 10th November 2007, as amended from time to time, (the "Atrush 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 Hydrocarbons Technology is using cookies. We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.
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14 sep. 2012 — Atrush 2-brunnen är förmodlingen det högsta flödet från en oljekälla i irakiska entreprenörer i enlighet med de överenskomna PSC. Om ett 

Under. PSC arrangements, the exploration and pro- 8 well at Atrush block. Upon further testing, I was diagnosed with PSC in 2011.