Shaikan: A World-Class Discovery and a Giant Opportunity
On 6 August 2009, Gulf Keystone announced the Shaikan discovery as a result of the Shaikan-1 exploration well drilling.
In January 2010, Gulf Keystone published the Final Evaluation Report by Dynamic Global Advisors (“DGA”) on the Shaikan-1 discovery well. Click here
In January 2011, Ryder Scott completed an additional third party analysis of the Shaikan-1 petroleum-initially-in-place resources confirming Gulf Keystone’s and DGA’s estimates. Click here
In April 2011, Gulf Keystone announced a significant upward revision of the gross oil-in-place volumes supported by DGA’s further evaluation of the Shaikan discovery based on the new data acquired as a result of the Shaikan-1 extended well test production, Shaikan-2 oil discovery and well test, Shaikan-3 testing and production along with further additional data. Click here
Shaikan Gross Oil-in-Place Summary
| | Discovered gross oil-in-place volumes (billion barrels) |
Report | Date | P90 | Mean | P10 |
DGA | January 2010 | 1.89 | 4.18 | 7.42 |
Ryder Scott 2 | January 2011 | 1.52 | 4.04 | 7.52 |
DGA | April 2011 | 4.86 | 7.51 | 10.8 |
2 Petroleum-Initially-in-Place
