Oil Search Prepares to Taza 1 ST2 Well Test

Source: www.gulfoilandgas.com 4/18/2013, Location: Middle East

Oil Search reports that, the Taza 1 ST2 well was at a total depth of 3,351 metres and rigging up to perform a well test. Drilling progress for the week was 54 metres.

During the week, the well drilled through the second primary objective, the Euphrates Formation. Hydrocarbon shows have been observed throughout this section.

The forward plan is to perform a well test on the entire open-hole section which includes the Euphrates Formation and part of the Dhiban Formation.

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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