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Genel Energy Gives Update on Taq Taq Field

Genel Energy has announced an update on activity at the Taq Taq Field (Genel 44% working interest).

 

Testing of the TT-32 well has now completed. The well flowed oil from three separate zones, with a maximum individual zone flow rate of c.5, 500 bopd with a 36/64″ choke.

 

The free water level was encountered at 1458 meters, which was 29 meters deeper than the pre-drill estimate and only 57 meters above the original field-wide FWL. The oil column at the TT-32 well location is 169 meters. TT-32 has further demonstrated the remaining potential on the flanks of Taq Taq Field.

 

The well has now entered production at an initial rate of 3,100 bopd with a 24/64″ choke, ahead of previous expectations. With the inclusion of this production, gross production from the Taq Taq Field is currently c.13,750 bopd.

 

The horizontal sidetrack well TT-20z spud on 11 January. This well is targeting production from the Shiranish Formation on the western flank of the field, and drilling operations are expected to complete in mid-February.

 

Three further wells are scheduled to be drilled in 2019, as Genel continues to target the flanks of the field with the aim of delivering a year-on-year production increase.

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