On 21 January 2019, Genel Energy plc announced that it had reached agreement with Chevron Corporation to acquire a 40% equity interest in Chevronâs Qara Dagh Block in the Kurdistan Region of Iraq. Genel will also assume operatorship of the block through a carry arrangement. Interests in closing of the acquisition, which is subject to the approval of the Kurdistan Regional Government (KRG), will be Genel Energy 40% (operator), Chevron 40% and the KRG 20%. Genel is understood to be planning to spud the Qara Dagh 2 appraisal well in the block in 2020. Chevron completed acquisition of 2D seismic in the block in 2015.   On 29 September 2011, previous operator Niko Resources announced that operations had been concluded at the Qara Dagh 1 new field wildcat. The well reached a TD of 4,196 m in the Upper Cretaceous Shiranish Formation. Oil shows were encountered over a 955 m gross column and the well flowed 43 to 46Â° API oil from the Shiranish Formation and Upper Cretaceous Tanjero Formation at non-commercial rates after acid stimulation. The well was suspended to allow potential re-entry at a later date.
Iraq (North Iraq Zagros Fold Belt (Zagros Prov.)) Qara Dagh 1