OREANDA-NEWS.  Oil Search reports that the Taza 2 well was at a depth of 924 metres in a 24 hole. Progress for the week was 153 metres. During the week, fishing operations were undertaken to recover the bottom hole assembly after it was stuck downhole. Preparations are now underway to continue drilling ahead in a 24 hole.

Taza 2 is located 10 kilometres north-west of Taza 1 and will appraise the hydrocarbon-bearing intervals discovered by Taza 1 (Dhiban/Jeribe and Euphrates/Kirkuk Formations), as well as explore deeper Tertiary and Cretaceous targets including the Shiranish Formation.

The participants in Taza 1 are:
- Oil Search (Iraq) Limited 60%
- Total E&P Kurdistan Region of Iraq (Taza) B.V. 20%
- Kurdistan Regional Government (KRG) 20%

Oil Search’s funding interest is 75%, with the KRG carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.