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Oil Search Limited provides drilling report


Published Apr 15, 2013
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Oil Search-2

Oil Search reports that as at 06:00 hours KRI time on 11 April, the Taza 1 ST2 well was at a depth of 3,297 metres and drilling ahead in a 4-1/8' hole towards the Euphrates Formation. Drilling progress for the week was 37 metres.

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.

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% Total - 100%

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.

Tags: Oil Search




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