Along with Miran, the commercialisation of Genel’s major onshore, low-cost, gas resource has the potential to generate significant revenue and value for the people of the Kurdistan Region of Iraq.

The Bina Bawi field (Genel 100% working interest) is a very large, simple, anticlinal structure which has five well penetrations and is fully appraised. Gas and condensate resources are reservoired in the Triassic Kurra Chine and Geli Khana reservoirs, with a small oil accumulation in the shallower Jurassic.

Raw gas resources have been independently estimated at 8.2 tcf, in addition to 37 MMbbls of oil.