Oil Search Stopped Operations on Taza 1 St2 Well

Source: www.gulfoilandgas.com 5/30/2013, Location: Middle East

Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 meters and continuing to test a 150 meter open hole section, which includes the Euphrates Formation.

Well operations were shut in for most of the week due to adverse weather conditions, with no substantial new data acquired. The forward plan is to continue testing to fully evaluate the potential of the reservoir.

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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