4.3 tcf raw gas
oil and condensates
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 in the Jurassic have been independently estimated at 2-7 tcf. In addition, the Company estimates up to 50 mmbbls of condensate from first stage separation.
The shallower Cretaceous Shiranish oil bearing reservoir is estimated to contain up to 60 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.