US firm HKN is guiding for 2023 production of 40,000-45,000 b/d from its Sarsang license (HKN 62%op, Shamaran 18%, KRG 20%) in Iraqi Kurdistan. The latest guidance was issued on 18 January and represents a drop from initial expectations of 45,000-50,000 b/d (MEES, 18 November 2022). HKN attributes the downwards revision to problems at its legacy ‘Pad A’ facility, where output has declined from approximately 15,000 b/d to around 10,000 b/d currently.
HKN says that it reduced the choke on the facility’s ST-A1 well after the start of trace water production alongside crude output given that the facility is currently unable to handle water production. Well intervention in Q4 then caused a leak, resulting in the well being taken offline. (CONTINUED - 845 WORDS)
