Gulak-1 is the fourth exploration well to be drilled on the Akri-Bijeel block.
The well will target the Gulak anticline at the extreme eastern end of the block after being drilled 21.4 km to the east from the Bijell-1 discovery well and 28.3km to the east-southeast from the same well.
Gulak-1 will focus on potential intervals in the Jurassic and Triassic drilling and will be spud to a planned total depth of 3,658m in the Triassic Kurra Chine formation.
Gulf Keystone chief operating officer John Gerstenlauer said Gulak-1 is part of the operator’s extensive exploration and appraisal programme on the massive Akri-Bijeel block and the fourteenth well to be drilled across Gulf Keystone’s four blocks in the Kurdistan Region of Iraq.
"In addition to three wells currently drilling on the Akri-Bijeel block (Bijell-3, Bakrman-1 and Gulak-1), the programme also includes the drilling of three additional appraisal wells (Bijell-2, Qalati-1 and Qandagul-1), " John added.
Currently, drilling is also underway on the Bijell discovery estimated to have 2.4 billion barrels of oil-in-place.
Gulf Keystone holds a 20% stake in the Akri-Bijeel block, operated by Kalegran, a subsidiary of MOL Hungarian Oil and Gas that holds 80% interest in the block.
