More oil found in the Kurdish north of Iraq

5 Dec 2017   Iraq

Though it’s too early to make any estimate on the reserve potential, British energy company Genel said it found more oil in the Kurdish region of Iraq. Genel has a 44 percent working interest in the Taq Taq field inside Kurdish territory in northern Iraq alongside Norwegian oil company DNO. The company said the results at the TT-29w appraisal well at the northern ridge of that field encountered oil. Genel said production started at a preliminary rate of 3,200 barrels of oil per day. “Combined with the testing results, management is optimistic for the potential of the northern flank of the Taq Taq field,” the company said in a statement Monday. “However, it is too early to estimate what […]

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