Forza Petroleum Limited

About Forza Petroleum

Forza Petroleum Limited (formerly Oryx Petroleum) is an independent oil and gas exploration and production company founded in 2010. The company focuses entirely on developing the Hawler license area in the Kurdistan Region of Iraq, in which it acquired a 65% interest in 2011. There, Forza Petroleum operates production facilities at the Demir Dagh field with an initial gross (100%) production capacity of 40,000 bbl/d, which were commissioned in 2015. Production comes from the Demir Dagh, Zey Gawra and Banan fields; sales are conducted, among other channels, via the export pipeline from the Hawler license area. The company maintains offices in Vancouver (registered office), Grand-Lancy near Geneva and Erbil. Historically, the focus was on Africa and the Middle East; since 2024, following a going-private transaction by Zeg Oil and Gas Ltd, the company is no longer a reporting issuer.

Site

V6E 4E5 Vancouver, British Columbia

Materials

Crude Oil

Founded

2010

Industries

Oil and gas exploration and production

1. 01

   Exploration

2. 02

   Appraisal and field development

3. 03

   Operation of production facilities

4. 04

   Pipeline export and sales

Resources and Production Areas

Locations

Inside the production

History

1. 2010

   Founded as Oryx Petroleum in September 2010

2. 2011

   Acquisition of a 65% interest in the Hawler license area (1,532 km²) in the Kurdistan Region of Iraq

3. 2013

   C$250 million IPO on the Toronto Stock Exchange

4. 2014

   Commissioning of the first production facilities at the Demir Dagh field and start of production; C$224 million share offering

5. 2015

   Commissioning of the Hawler production facilities at Demir Dagh with gross capacity of 40,000 bbl/d

6. 2016

   Zeg Oil and Gas Ltd subscribes for 75.6 million shares for US$30 million; start of pipeline exports as well as production and sales from Zey Gawra

7. 2017

   Financial restructuring; subscription of 161.9 million shares for US$54.1 million

8. 2018

   Start of production and sales at the western fault block of the Banan field

9. 2020

   Zeg Oil and Gas Ltd takes majority control; debt settlement through relinquishment of the exploration interest offshore West Africa

10. 2024

    Going-private transaction via court-approved plan of arrangement; Forza Petroleum is no longer a reporting issuer

11. 2025

    Agreement on the resumption of oil exports via the Iraq–Turkey pipeline