Norwegian oil and gas operator DNO has discovered oil and gas in the disputed Baeshiqa block, according to a statement released by the company.
The block lies on the border of Iraqi Kurdistan and Federal Iraq and is claimed by both Baghdad and Erbil.
In its statement, DNO said hydrocarbons had flowed to the surface from the upper part of the Triassic Kurra Chine B reservoir.
“Following acid stimulation, the zone flowed variable rates of light oil and sour gas,” it said.
“Further testing of this and other Jurassic and Triassic zones is ongoing and will determine the next steps towards appraisal and assessment of commerciality.”
Drilling of the Baeshiqa-2 well started in February 2019, reaching a depth of 3,204 metres.
DNO acquired a 32 per cent interest and operatorship of the Baeshiqa licence in 2017.
Partners include ExxonMobil, which holds a 32 per cent stake.
Turkish Energy Company holds a 16 per cent stake and the Kurdistan Regional Government (KRG) holds a 20 per cent stake.
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