Our Operations

WesternZagros’s assets include two development areas, the Kurdamir and Garmian Blocks, which are on trend with the super-giant Kirkuk oil field and adjacent to a number of prolific historic oil and gas discoveries.

As only the fourth international oil company to enter Kurdistan, WesternZagros’s early entrant advantage and successful drilling program has led the Company to be a premier producer of high-quality oil in the region.

WesternZagros has negotiated Production Sharing Contract terms that are among the best in Kurdistan, resulting in the Company having the top quartile net profit oil terms among all contractors in the region.

WesternZagros’s goal is to develop the 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 20.7 MMbbl of 2P light oil Reserves (Gross Block) and appraise and develop an additional 65 MMbbl of unrisked Prospective Resources of oil ,Gross Block P50 estimate, in the Jeribe / Upper Dhiban reservoir on the Garmian Block.

*Independently audited by Sproule International Limited (December 31, 2016). Please see the Reserves and Resources section of the website.