Company News Summary
Oil Search Provides Taza 1 ST1 Drilling Report
Original announcement: Drilling Report (Taza 1 ST1). 20 December 2012
Oil Search reported that as at 06:00 hours KRI time on 20 December, the Taza 1 ST1 well was at a depth of 3,200m and undertaking a well test over the interval from 3,056 to 3,200m. During the week, the well was acidized and has subsequently flowed spent acid, drilling fluids and hydrocarbons at rates of up to 450 barrels per day. The intention is to continue testing this section until a stabilised flow rate has been achieved. The forward plan is then to recommence drilling towards the Euphrates Formation. The Taza prospect is located 80 km southwest of the city of Sulaymaniyah. The primary objectives are Miocene and Oligocene carbonates of the Jeribe and Euphrates Formations.
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