Oil Search Updates on Drilling at Taza

Source: www.gulfoilandgas.com 2/6/2014, Location: Middle East

Oil Search reported that, the Taza 2 well was at a depth of 4,432 feet (1,351 meters). During the week, the 20 inch casing was set and preparations made to install the blow out preventer prior to drilling ahead in a 17.5 inch hole.

Taza 2 is located 6 miles (10 kilometers) north-west of Taza 1 and will appraise the hydrocarbon-bearing intervals discovered by Taza 1 (Dhiban/Jeribe and Euphrates/Kirkuk Formations), as well as explore deeper Tertiary and Cretaceous targets including the Shiranish Formation.

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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