Energy for Growth

Barda Rash Block

Barda Rash Block

In 2008, KOMET signed a Production Sharing Contract with the Government of Kurdistan Region of Iraq, for the Barda Rash Block (265 sq.km)for a 25 year period, plus extension option. The following works were carried out on the Block: фcquisition of 330 km of 2D seismic lines; successful drilling of BR-1 exploration well to the depth of 3746m; during Lower Jurassic production tests, the well flowed at a rate of 4000 bpd on 18mm choke, 32° API; drilling of 2 appraisal wells and completion of 360 sq.km 3D seismic works; In 2009, commercial discovery on the field was announced, with estimated reserves of 962 MMstb of heavy oil and 508 MMstb of light oil. In Q3 2011, KOMET sold 60% of the participation interest in the Barda Rash Production Sharing Contract (PSC) to Afren Plc. (Beta Energy Ltd.), at an attractive price.