Oil Search Continue the Testing Operations

Source: www.gulfoilandgas.com 5/2/2013, Location: Middle East

Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 metres and continuing a well test of the Euphrates Formation and part of the Dhiban Formation.

During the week, the well flowed oil and gas plus water at variable rates, with the well still cleaning-up. The forward plan is to continue to test the well, to gather full pressure and flow rate information.

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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