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Oil Search Resumes Drilling at Taza 1 Well

Source: www.gulfoilandgas.com 1/10/2013, Location: Middle East

Oil Search reports that the Taza 1 ST1 well was at a depth of 3,206 metres and weighting up the mud prior to drilling ahead towards the second primary objective, the Euphrates Formation.

During the week, drilling resumed and an influx of oil and gas was seen in the well from a section below 3200 meters. The influx was controlled and the well stabilised prior to the current weighting-up operation.

Preliminary interpretation of data from the recent testing of the Jeribe and Dhiban Formations suggests that flow rates achieved during testing may have been negatively impacted by cementing activities related to the sidetracking operation and lost circulation control activities carried out when the section 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.

For more information about related Opportunities and Key Players visit Iraq Projects

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