The Taza 1 ST2 well was at a depth of 3,260 meters and pulling out of the hole after recovering a logging tool which had become differentially stuck during logging operations.
During the week, logging operations including fishing were undertaken. The forward programme is to complete drilling to the Euphrates Formation. Given the risk of differential sticking in this section, further testing has been deferred until the Euphrates Formation has been 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 Oil and Gas Projects