UK-based firm Genel Energy has identified oil-bearing Cretaceous reservoirs at its Taq Taq oilfield in Kurdistan region of Iraq following a drilling programme.
The TT-29w well, which was undertaken to appraise the northern flank of the Taq Taq field, was drilled to a measured depth of 3,100m.
It encountered oil-bearing Cretaceous Shiranish and Kometan reservoirs.
Thereafter, the company tested six zones over a 20-day period, with each individual zone delivering test rates of up to 6,400 barrels per day (bpd) of 48° API oil.
In a statement, Genel Energy said: “The TT-29w well has proved a current oil water contact at this location on the northern flank of the field at a level at least 145m deeper than pre-drill estimates.
“Combined with the testing results, management is optimistic for the potential of the northern flank of the Taq Taq field.
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By GlobalData“However, it is too early to estimate what impact the well result will have on reserves, long-term production rates or future investment activity in the northern flank and the field as a whole.”
Production has begun from the Lower Shiranish reservoir at an initial rate of 3,200bpd of dry oil, with expectations of a further rise.
Meanwhile, the TT-30 Pilaspi well was successfully drilled last month and is currently engaged in production at a rate of around 650bpd.
The company is planning to undertake further Pilaspi development well (TT-31) before the end of year.
At present, the Taq Taq field yields gross production of 15,100bpd.
