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Genel Energy

Genel Energy said that one of its wells drilled to appraise the northern end of the Taq Taq oil field in the Kurdistan region of Iraq encountered oil-bearing reservoirs. The main objective of the well, which had been drilled since February, was to reduce uncertainty about the free water level in the field’s north flank. Further development of the Cretaceous reservoir had been deferred pending the test program results. The company said the well, which was drilled to a measured depth of 10,171 ft, encountered good quality Cretaceous Shiranish and Kometan reservoirs but that it was too early to estimate the impact of the results on reserves, production, or future investment. The field now produces a gross 15,100 B/D of oil.


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