Oil Search reports that at 06:00 hours KRI time on 15 January 2014, the Taza 2 well was at a depth of 771 metres and drilling ahead in a 24' hole. Progress for the week was 292 metres.
Taza 2 is located 10 kilometres 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 2 are:
Oil Search (Iraq) Limited* - 60%
Total E&P Kurdistan Region of Iraq (Taza) B.V. - 20%
Kurdistan Regional Government (KRG) - 20%