OREANDA-NEWS. Oil Search reports that, the Taza 2 well was at a depth of 3,255 metres and preparing to drill ahead in an 8-1/2” hole. During the week, the well penetrated the Jeribe Formation, encountering hydrocarbon shows in line with prognosis, and an 18 metre core was cut in the carbonate reservoir. Good recovery of the core was achieved and a comprehensive analysis programme is planned.

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.