Iraq Oil Report's Daily Brief compiles the most important news and analysis about Iraq from around the web.

Gulf Keystone spuds Shaikan-5 appraisal well reports:

Gulf Keystone has spudded the Shaikan-5 appraisal well in the Kurdistan region of Iraq.

Shaikan-5 is the third deep appraisal well to be drilled on the company's major oil discovery with independently audited gross oil-in-place volumes of between 4.9 billion barrels and 10.8 billion barrels calculated on the P90 to P10 basis with a mean value of 7.5 billion barrels.

Click here for the full story.