Kurdistan's Taza 2 Well Drilling Remains Suspended on Security Concerns
Oil Search Limited reported Thursday that during the week, the Taza 2 appraisal well in Kurdistan, Iraq was temporarily suspended.
As indicated in the previous Drilling Report (released Aug. 21), Oil Search continues to monitor the security situation in the region closely and plans to re-commence Taza 2 operations once the long-term integrity of the supply chain has been safely re-established.
The next drilling report for Taza 2 will be issued once operations resume.
Taza 2 is located 6.21 miles (10 kilometers) north-west of Taza 1 and is designed to appraise the hydrocarbon-bearing intervals discovered by Taza 1 (Jeribe/Dhiban 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 percent
- Total E&P Kurdistan Region of Iraq (Taza) B.V. - 20 percent
- Kurdistan Regional Government (KRG) - 20 percent
- Total - 100 percent
* Oil Search’s funding interest is 75 percent, with the KRG’s 20 percent interest carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.
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