Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 metres and completing wireline logging of the open-hole interval.
During the week, a series of wireline logs were successfully obtained, confirming the presence of oil throughout the Euphrates Formation limestones, and a wiper trip was completed. Preliminary evaluation suggests the oil-bearing Euphrates limestones have good reservoir properties. The forward programme is to conduct a further drill stem test over the Euphrates 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