Genel Energy said Friday there were more natural gas resources in two of its Kurdish fields than expected, but an assessment said extraction might be complex. The company, which has headquarters in London, said an assessment by a third party, RPS Energy Consultants Ltd., of the Bina Bawi and Miran West fields in the Kurdish north of Iraq led to an upgrade in the estimate of gas reserves. Genel in February 2017 increased its hold over both production sharing contracts to 100 percent. The assessment from RPS upgraded the resource estimate by about 40 percent. “The recovery factors for the gas reservoirs in both fields have, in most resource categories, been increased to reflect a better understanding of potential reservoir performance,” the […]