Tag Archives | Bina Bawi

Genel Energy Acquires Acreage in Kurdistan

In a step that further builds its resource base in the Kurdistan Region of Iraq, Genel Energy¬† announced on Monday that it is to acquire a 23 per cent stake in the Bina Bawi exploration licence. The Bina Bawi licence lies alongside the producing Taq Taq oilfield where current potential output is some 80,000 barrels […]

Austria's OMV Strikes Oil in Iraqi Kurdistan

Just days after WesternZagros struck oil at Sarqala, Austria's OMV announces that it too has struck oil at its Bina Bawi block in the Kurdistan Region of Iraq. OMV is currently drilling an exploration well (Bina Bawi 3) and encountered hydrocarbons in one of the primary reservoir targets. The well is still being drilled and […]