Oil Search Continue the Test of Taza 1 Well

Source: www.gulfoilandgas.com 12/27/2012, Location: Middle East

Oil Search reports that, the Taza 1 ST1 well was at a depth of 3,200 meters and preparing to drill ahead towards the Euphrates Formation.

During the week, testing of the Jeribe and Dhiban Formations continued over the interval from 3,056 to 3,200 meters. A stabilised flow rate of 200-250 bopd, comprising oil, gas and water, was achieved in Taza 1, with the proportion of oil steadily increasing to over 50% of produced liquids prior to a decision to terminate the test. Interpretation of all the test information is ongoing.

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.


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Related Categories: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 

Related Articles: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 


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