Newsroom

Iain Knott Appointed Technical Manager

PICO Cheiron is pleased to announce the appointment of leading international oil and gas expert Mr. Iain Knott as Technical Manager.  With 31 years in the oil and gas industry, Mr. Knott has developed strong technical and commercial competencies across a range of upstream and downstream disciplines, including exploration, field development, new ventures, project management, and gas storage. Mr. Knott spent most of his career working at various firms in the UK, such as BG Group, Burlington Resources, Elixir Petroleum,…

Geisum Successfully Drills GC-9A

The Geisum well was successfully spudded on 7 June 2016 and was put into production on 16 July 2016. The well target reservoir is Shagar, its initial flow rate is 1223 mbopd, and reserve addition is 0.75 MMbbls.…

PICO Cheiron Successfully Drills Am 18 Sidetrack Well at its Amal Field

As part of the Group’s strive to continuously grow its working interest production, in March 2016 PICO Cheiron successfully drilled the Am 18 sidetrack well targeting the Rudeis reservoir in the Amal concession. The well results were successful with an initial flow rate of 7 MMscf/day of gas and 400 bbls/day of condensate and expected additional reserves of 6 BCF.…

International Consultants Hired to Refresh Prospect Inventory

International consultants from Berskshire Land and Energy have been hired to take a fresh look at the Group’s current portfolio and build up our prospect inventory.  PICO Cheiron brings in consultants with international expertise every two years, with the aim of taking a fresh look at our assets and to make sure we are driving the maximum value from them.…

PICO Cheiron Group Hires New CEO, Forms Leadership Team & Board of Directors

As part of the company’s strive to continuously acquire and retain the best talent, PICO Cheiron has recently undergone a change in management bringing on board its new Chief Executive Officer, Mr. Ian Hewitt, who assumed his role in February 2016. The Group has also put in place a new Leadership Team, whose mandate is to help the Group maintain its competitive advantage, while also guiding our next generation of leaders and help prepare them to drive the group’s long-term sustainable growth.…

PICO Cheiron Successfully Drills Am 23A Well at its Amal Field

In January 2016, the company successfully drilled the Am 23A well targeting the Rudeis reservoir in the Amal concession. The well results were successful with an initial flow rate of 2,400 bbls/day and current production of 2,000 bbls/day, with expected additional reserves totaling 1.1 MMbbls.…