Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,379 meters and drilling ahead. Progress for the week was 28 metres.
During the week, test equipment was retrieved and the well recommenced drilling in a 4-1/8” hole.
The forward programme is to drill further within the Kirkuk Formation, in order to obtain full log coverage of the tested intervals, before suspending the well.
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