Asset report

Miran and Bina Bawi

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Report summary

Miran and Bina Bawi are oil and gas fields located in the Zagros Foldbelt in Kurdistan. Both fields are to be operated by Genel Energy. Once the field development plan (FDP) has been approved and partners found for the midstream and upstream developments, they are expected to be the first gas export projects in the region. We assume first gas exports to Turkey in 2022, with exports ramping up to 820 mmcfd by 2025. As well as gas, the fields contain oil and condensate resources. Both fields' crude production was brought onstream in 2013 via two extended well tests. Amended fiscal terms were finalised in February 2017, with the Miran PSC and Bina Bawi PSC being combined into a single licence. All gas processing facilities will be funded by a new midstream company that will operate under a build, own, operate, transfer contract.

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Table of contents

Tables and charts

This report includes 12 images and tables including:


  • Index Map
  • Detail Map


  • Key facts: Table 1
  • Participation: Table 1
  • Well data: Table 1
  • Geology: Table 1
  • Reserves and resources: Table 1
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Economic analysis: Table 1

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