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Oil Search Continue the Fishing Operations

Source: www.gulfoilandgas.com 3/28/2013, Location: Middle East

Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,260 metres. During the week, fishing and milling operations were conducted to recover the liner running tool lost downhole. Milling of the tool is currently underway and once complete, the forward programme is to drill ahead to the Euphrates Formation in a 4-1/8” hole.

The Taza prospect is located approximately 80 kilometers 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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