Taq Taq Oil Field
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Summary Information
- Operator: Genel Energy
- Country: Iraq
- Location: 60 km northeast of Kirkuk
- Production start:
- Partners: Genel Energy and Addax currently hold 44% and 36% PSC working interests, respectively, in the Taq Taq field. The KRG holds the remaining 20%
- Type: Oil
- Estimated Reserves: 130 million barrels of oil
- Production Volume: 75,000 bopd
+++ Description
- The Taq Taq oil field was initially drilled in 1960 and declared a discovery with a second exploration well in 1978. Two further appraisal and development wells were drilled in the 1990s.
- Oil is transported by the Kirkuk-Ceyhan Pipeline
+++ Contractors
- -
+++ History
- 2002 - GEAS was a signatory to the original PSC
- 2005 - Addax farmed-in to the Taq Taq licence
- 2006 - the Taq Taq PSC was restated and amended, giving the KRG a 20% PSC working interest
+++ Geology
- There are four oil bearing zones that have been discovered in the Taq Taq field, one in the Oligocene Pilaspi formation and three in the Upper Cretaceous Shiranish, Kometan and Qamchuqa formations. The oil in Pilaspi formation is relatively heavy with an API gravity of 24 degrees, and the Cretaceous reservoirs contain a lighter, very low gas-to-oil ratio with an API gravity of 48 degrees.
+++ Links
