Oil Search Provides a Drilling Updates on Taza 1 Well
Source: www.gulfoilandgas.com 10/18/2012, Location: Middle East
Oil Search reports that the Taza 1 well was at a depth of 3,045 metres and setting 7” liner. During the week, 99 metres of 8-½” hole was drilled. The Taza prospect is located approximately 80 kilometres southwest of the city of Sulaymaniyah. The primary objectives are Miocene and Oligocene carbonates of the Jeribe and Euphrates Formations.
The participants in Taza 1 are:
- Oil Search (Iraq) Limited * (60%)
- Total E&P Kurdistan Region of Iraq (Taza) B.V (20%)
- Kurdistan Regional Government (KRG) (20%)
Oil Search’s funding interest is 75%, with the KRG carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.