Genel Enerji A.?. and Addax Petroleum Corporation announced flow test results for the recently drilled TT-04 well, the first well on the Taq Taq field drilled by Taq Taq Operating Company (“TTOPCO”), the joint venture company formed by Genel and Addax Petroleum to carry out the petroleum operations in the Taq Taq license area.
Three reservoir intervals were tested separately and flowed at an aggregate rate of 29,790 bbls/d of light, 47 degrees API oil with low gas oil ratio. The intervals tested were a 106 meter perforated interval in the Shiranish formation which flowed at a rate of 3,940 bbls/d, a 55 meter perforated interval in the Kometan formation which flowed at a rate of 12,930 bbls/d, and a 86 meter bare foot interval in the Qamchuga formation which flowed at a rate of 12,920 bbls/d. Oil flow rates from the three intervals are in a 64/64” choke size. In each instance, the flow rates were constrained by the limited capacity of the surface test facilities.
The TT-04 well is the first well drilled on the Taq Taq field, drilled using the TTOPCO-owned drilling rig and located some 500 meters from the TT-01 well, the Taq Taq field discovery well drilled in 1978. TT-04 was spudded in mid May and reached a total depth of 2,286 meters in early September.
Interpretation of data acquired, including wireline static reservoir pressure data, indicate the presence of a significant and extensive fracture system and a single oil column in the Taq Taq field through the Shiranish, Kometan and Qamchuga formations in excess of 500 meters. The TT-04 well was the first of a three well drilling program by Genel and Addax Petroleum. The drilling of the second appraisal and development well, TT-05, is now in progress.
The Taq Taq field is located in the Kurdistan Region of Iraq some 60 kilometers northeast of Kirkuk, 85 kilometres northeast of Erbil and 120 northwest of Sulaimaniyah.