Oil Search has announced that the Taza 1 ST1 well was at a depth of 3,200 metres and preparing to drill ahead towards the Euphrates Formation.
During the week, the testing equipment was recovered, pressure data downloaded and a drilling assembly run in-hole, ready to drill ahead. Operations were suspended on 30 December pending resolution of a local security issue and will resume as soon as possible, said Peter Botten, managing director at Oil Search.
The Taza prospect is located approximately 80 kilometres southwest of the city of Sulaymaniyah. The primary objectives are Miocene and Oligocene carbonates of the Jeribe and Euphrates Formations.
Oil Search (Iraq) Limited holds a 60% stake in the Taza 1 alongside, Total E&P Kurdistan Region of Iraq (Taza) B.V. with 20% and the KRG with another 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.
