Oryx Petroleum Announces Update for Operations in the Kurdistan Region of Iraq
08 August 2014
Calgary, Alberta, August 8, 2014
Precautionary measures taken at select locations in the Hawler License Area
Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Group”) today announces an update for its operations in the Hawler license area of the Kurdistan Region of Iraq (“Kurdistan Region”). The Group has implemented a number of precautionary measures to protects its employees and operations given recent security developments in northern Iraq.
In the western portion of the Hawler license area, drilling operations at the Ain Al Safra and Banan sites have been temporarily suspended, both sites secured and non-essential personnel relocated to Erbil given the proximity of such locations to recently reported hostilities in northern Iraq.
In the central portion of the Hawler license area, drilling operations and facilities construction at the Demir Dagh field remain secure and operational but continue at reduced levels primarily due to the departure of certain third-party service company personnel from the site. Production from the Demir Dagh field has also been shut-in.
The Group continues to closely monitor the situation in co-ordination with relevant authorities in the Kurdistan Region and will return to full operating levels when the situation has stabilised.
Oryx_Petroleum_Press_Release_Security_Update.pdf