Along with Bina Bawi, 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 Miran field (Genel 100% working interest, operator) is a simple, large structure, well-defined on 3D seismic. The gas resources in the field are situated in Jurassic aged Butmah and Adaiyah reservoirs, which have delivered 20-25 (mmscfd) on test.
Raw gas volumes at Miran West have been independently estimated at 6.6 Tcf (2C). In addition, there is an estimated 75 MMbbls of condensate.
The shallower oil bearing reservoir is estimated to contain 18 MMbbls of 15 degree API oil, which has already been produced through an early production facility and which we plan to bring on-stream ahead of the gas resources in the field.