Genel Energy, the Middle East and North Africa focused oil and gas company, said it found oil during a test well at the Taq Taq field in Iraq’s Kurdistan Region.
Genel said the well has now entered a production phase at an initial rate of 3,100 bopd with a 24/64” choke, higher than previously expected. With the additional oil flow, gross production at the Taq Taq field is around 13,750 bopd, the company said. The field’s gross production in 2018 was 12,400 bopd.
The Taq Taq licence area is located 60 km northeast of the Kirkuk oil field and the adjacent city of Kirkuk, 85 km southeast of the city of Erbil and 120 km northwest of the city of Sulaimaniah. The gross area of the Taq Taq licence area is approximately 951 square km.
“The well flowed oil from three separate zones, with a maximum individual zone flow rate of c.5,500 barrels of oil per day,” the company said in a statement. “The free water level was encountered at 1,458 metres, which was 29 metres deeper than the pre-drill estimate and only 57 metres above the original field-wide FWL. The oil column at the TT-32 well location is 169 metres. TT-32 has further demonstrated the remaining potential on the flanks of Taq Taq Field.”
Meanwhile, a horizontal sidetrack well TT-20z spud on 11 January, targeting production from the Shiranish Formation on the western flank of the field, and drilling operations are expected to complete in mid-February, the company added.
Additionally, three further wells are scheduled to be drilled in 2019, as Genel continues to target the flanks of the field with the aim of delivering a year-on-year production increase.