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Genel signs up new rig for well in Iraqi Kurdistan

Oct 23, 2019
1 min read
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Genel Energy said it has signed an agreement to contract Parker Drilling’s rig for the QD-2 well on the Qara Dagh field in Iraqi Kurdistan.

The QD-2 well will test the structural crest 10 km to the north-west of the QD-1 well, which tested sweet, light oil from Cretaceous carbonates. The Parker-269 rig has been contracted to drill the well.

Civil construction works for the well pad and camp are now underway, and the well is on track to spud in H1 2020.

Unrisked gross mean resources at Qara Dagh are currently estimated by Genel at c.200 MMbbls.

Genel has a 40 per cent working interest in the field along with operatorship.

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