Genel Energy

Genel Energy reported that the TT-27x sidetrack well in the Taq Taq field in the Kurdistan region of Iraq is flowing oil at 3,000 B/D after successful drilling and completion operations in the Cretaceous Shiranish reservoir. The sidetrack is the first well in this year’s Taq Taq work program, which aims to more evenly distribute the production rate over the field. Genel (44%) and Addax Petroleum(36%) are joint venture operators of Taq Taq under a production sharing contract with the Kurdistan Regional Government,which holds a 20% interest in the field.


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