Genel Energy PLC suspended drilling on the QD-2 well at Qara Dagh block in the Kurdistan Region of Iraq. An evaluation of the well will be conducted to determine next steps on the license.
The well had been side-tracked in response to encountering more complex geology above the target reservoir than expected. Two further side-tracks have been initiated, but license partners concluded that it is impractical to continue drilling operations from this wellbore to reach the primary objective because of insurmountable technical problems. The minimum work obligation has been satisfied.
Qara Dagh is in pre-production and has about 400 million bbls mean prospective resources. Genel estimates that the downdip segment tested by the QD-1 well defines a 2C resource of 47 million bbl.
Genel Energy is operator at Qara Dagh through a carry arrangement covering activity for the QD-2 well after acquiring 40% equity from Chevron in 2019.
