Naft Khana
Middle East region
- Located near the border of Iraq, east of Baghdad, covering an area of 2,000 square kilometers.
- Geo-Jade holds a 100% equity interest in the project.
- The project is a once-producing oilfield with a historical peak production of 25,000 barrels per day. It is situated within the same structural belt as the Naft Shahr oilfield, and together, the two fields have a combined cumulative production exceeding 300 million barrels.
- According to the Iraqi government, within the block, two oilfields and two gas fields have been discovered, with 12 identified structural closures, and the main hydrocarbon-bearing stratum's single-layer closure area extends to 381 square kilometers.
- Relatively mature surface processing facilities, gas pipelines, and existing pipelines have been established within the contract area.
- The production from old wells in the block can be rapidly restored to the historical level, and the reactivation of the project's old wells is expected to be completed and put into production in the short term.
- As a large-scale natural gas development project, it can effectively alleviate the gas supply challenges for residents of Baghdad.
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