May 31 (SeeNews) - Anglo-Turkish oil and gas company Genel Enerji made a commercial oil discovery in the Ber Bahr-1 exploration well in the Kurdistan Region of Iraq, it said.
Genel Enerji intends to start phased development of the field in the second half of the year, the company's head of exploration John Hurst said in a statement published on its website on Thursday.
Genel Enerji operates the Ber Bahr exploration block and has a 40% working interest in the licence. Gulf Keystone has a 40% working interest and the Kudristan Regional Government holds the remaining 20% interest in the block.