6-Aug-09 [11:57]

Economics - cost Keystone oil found in the province of Kurdistan

PNA-l said wrapped Keystone Petroleum to explore for oil and gas on Thursday that it has achieved what it described in the disclosure of a major oil province of Kurdistan.

The company said that the initial estimate of the quantities of oil discovered between 300 million and 500 million barrels.

She said she had found oil in the non-deep exploratory well Shaykhan -1.

Keystone said in a statement charged that the oil flow quantities between 5000 and 8000 barrels per day, and it intends to dig deeper at the same distance to reach the well formations may contain more than 1.5 billion barrels of oil.