Welcome to WesternZagros
WesternZagros Resources Ltd. (“WesternZagros”) is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas. WesternZagros holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan region of Iraq.
In early 2014, WesternZagros completed the exploration phase under both PSCs and is commencing the appraisal and development of its crude oil and gas discoveries.
WesternZagros’s goal is to develop the independently audited resources associated with its discoveries on both blocks:
- Appraise and develop 366 million barrels (“MMbbl”) of unrisked Contingent Resources of oil, 1.8 Tcf of unrisked Contingent Resources of gas, 55 MMbbls of unrisked Contingent Resources of condensate, and delineate the 1 billion barrels (“Bbbl”) of unrisked Prospective Resources of oil and 1 Tcf of natural gas (all Gross Block P50 estimates), in the Oligocene reservoir on the Kurdamir Block.
- Develop 13 MMbbl of 2P light oil Reserves (Gross Block) and appraise and develop an additional 66 MMbbl of unrisked Prospective Resources of oil ,Gross Block P50 estimate, in the Jeribe / Upper Dhiban reservoir on the Garmian Block.