Addax Petroleum Corporation reports the flow test results for the TT-10 well, the seventh Cretaceous appraisal and development well drilled on the Taq Taq field by Taq Taq Operating Company, the joint venture company formed by Genel Enerji and Addax Petroleum to carry out the petroleum operations in the Taq Taq license area.

Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said, “We are extremely pleased to have achieved record aggregate test rates from the most recent Cretaceous appraisal well at Taq Taq. Addax Petroleum continues to lead the development of this emerging oil region through our highly successful appraisal program. The results from the appraisal campaign have been incorporated into a full field development plan which was recently submitted to the Kurdistan Regional Government for their review and approval.”

Three Cretaceous reservoirs were tested separately and flowed at an aggregate rate of 44,240 bbl/d of light oil, measured gravity of 48° API with low gas oil ratio. Two intervals in each of the Shiranish and Kometan reservoirs were completed and tested independently due to the highly varying character of each, as identified through the logs. The independent testing allowed for further characterization of the flow behaviour of these intervals in addition to assessing the most likely completion strategy for future development wells.

The Shiranish intervals tested were a 136 metre completion in the upper section which flowed at a rate of 17,700 bbl/d and an 85 metre completion in the lower section which flowed at a rate of 13,780 bbl/d. The Kometan intervals tested were a 67 metre completion in the upper section which flowed at a rate of 19,380 bbl/d and a 49 metre completion in the lower section which flowed at a rate of 14,800 bbl/d.

The Qamchuqa interval tested was a 136 metre completion which flowed at a rate of 11,080 bbl/d. Oil flow rates from the above intervals were restricted by a two-inch choke size. The aggregate rate of 44,240 bbl/d was compiled using the Lower Shiranish, Upper Kometan and Qamchuqa intervals as these were deemed by the Corporation to be more representative of previously announced test results. Evaluation of these flow test results is ongoing.

Tags: Addax Petroleum Corporation