7.1 tcf raw gas
oil and condensates
Along with Miran, the commercialisation of Genel’s major onshore, low-cost, gas resource will 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 in the Triassic have been independently estimated at 4-12 tcf, in addition to 17 mmbbls of oil.
There is significant upside potential to existing estimates of raw gas volumes as a definitive gas water contact has yet to be established by any of the wells drilled.