The ERC Equipoise report booked 299 million barrels of oilin proven reserves at the Iraqi Kurdistan field, which is producing around10,000 barrels per day of oil so far this year from its first production facility PF-1.
The audit recorded best-estimate original oil in place volumesfor Shaikan at 9.38 billion gross barrels of oil equivalent, which compares toa “consultants estimate” given by the explorer last year of between 12.4billion
