Bekhme-1 is the second exploration well to be drilled on the block that will target prospective intervals in the Jurassic and the Triassic with a planned depth of approximately 3000m.

Bekhme-1 is located 20 km to the north-east from the Bijell-1 discovery well, which is believed to hold probable reserves of 2.4 billion barrels of oil in place.

The company has a 20% working interest in the Akri-Bijeel block operated by Kalegran, a 100% subsidiary of MOL Hungarian Oil and Gas, which holds 80% working interest in the block.

Gulf Keystone chief operating officer John Gerstenlauer said that Bekhme-1 is the first well to be drilled on the north of the Akri-Bijeel block, which is adjacent to the Shaikan block with proven oil and gas reservoirs.

"The discoveries at Bijell-1 and Shaikan have considerably de-risked this new drilling target making Bekhme an attractive prospect," Gerstenlauer said.