About Hkn energy
HKN Energy Ltd. is a privately-held oil and gas operator and producer that has been making waves in the Kurdistan Region of Iraq. The company has been operating in the region for over a decade, and during this time, it has established itself as one of the leading players in the industry.
The company's success can be attributed to its unwavering commitment to excellence, innovation, and sustainability. HKN Energy is dedicated to providing its customers with high-quality products while minimizing its impact on the environment.
One of HKN Energy's core strengths is its ability to leverage cutting-edge technology to optimize production processes. The company uses state-of-the-art equipment and software systems that allow it to extract oil and gas more efficiently than ever before.
In addition to being an industry leader in terms of technology, HKN Energy also places a strong emphasis on safety. The company has implemented rigorous safety protocols that ensure all employees are protected while working on-site.
Another key factor contributing to HKN Energy's success is its focus on community engagement. The company recognizes that it operates within communities where people live and work, so it strives to be a good neighbor by supporting local initiatives such as education programs, healthcare services, and infrastructure development projects.
HKN Energy's operations are centered around two main assets: the Sarsang Block (which includes three fields) and the Shakrok Block (which includes one field). These assets have significant reserves of both oil and gas, which provide ample opportunities for growth in the coming years.
The Sarsang Block covers an area of approximately 1,000 square kilometers and contains three fields: Sarsang North Field (SNF), Sarsang South Field (SSF), and Baram-1 Field. SNF was discovered in 2006 by HKN Energy through drilling operations carried out under Production Sharing Contracts with Kurdistan Regional Government (KRG). SSF was discovered later through exploration activities carried out by HKN energy under similar contracts with KRG. Baram-1 field was discovered earlier by another operator but remained undeveloped until recently when HKN energy acquired rights from previous operators under PSCs with KRG.
The Shakrok Block covers an area of approximately 418 square kilometers located south-eastern part of Dohuk Governorate near Turkish border . It contains one field named "Shakrok". This block was awarded under PSCs signed between KRG & ExxonMobil Exploration & Production Limited ("ExxonMobil") prior acquisition rights transferred from ExxonMobil Exploration & Production Limited ("ExxonMobil")to Gulf Keystone Petroleum International Limited ("Gulf Keystone"), who then transferred their interest into this block along with other blocks they had interests into MOL Hungarian Oil & Gas Public Limited Company ("MOL"). Later MOL transferred their interest into this block along with other blocks they had interests into Oryx Petroleum Corporation Limited (“Oryx”).
Overall,Hkn energy stands out among competitors due to its commitment towards sustainable practices ,innovative technologies ,community engagement ,and safety protocols . With significant reserves at both Sarsang Block & Shakrok Blocks ,the future looks bright for this privately-held oil&gas operator .