“The US Geological Survey estimates that Iraqi Kurdistan
holds about 40 billion barrels of oil – about as much as
the North Sea has so far produced in the UK – and roughly
60 trillion cubic feet of gas. The region’s history means that
these reserves have remained relatively untouched, offering
industry one of the last great frontiers of conventional onshore
oil and gas”*
WesternZagros holds a 40 percent working interest in each of two
Production Sharing Contracts (“PSCs”), the Kurdamir and Garmian Blocks,
with the Kurdistan Regional Government in the Kurdistan Region of Iraq.
Independently audited resource reports estimate the blocks contain
prospective resources of 1.3 billion barrels of oil equivalent.
Sector: Oil & Energy
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