Oil Search Suspended the Drilling of Taza 1 St2 Well

Source: www.gulfoilandgas.com 6/27/2013, Location: Middle East

Oil Search reports that, the Taza 1 ST2 well had reached a total depth of 3,425 metres and is currently being suspended as a potential future producer. Progress for the week was 46 metres.

During the week, the well was drilled from 3,379 metres to 3,425 metres in the Kirkuk Formation and logs were acquired over the newly drilled section. Hydrocarbon shows were encountered throughout the new section.

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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