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Oil Search Drilling Report

Source: www.gulfoilandgas.com 2/7/2013, Location: Middle East

The Taza 1 ST2 well was at a depth of 3,251 metres and drilling ahead in a 6 inch hole towards the Euphrates Formation. Progress for the week was 197 metres. During the week, the second sidetrack, ST2, was kicked off from a depth of 3,054 metres, just above the top of the Jeribe Formation. 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 Oil and Gas Projects

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