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The oil firms developing the Taq Taq oil field in Iraq's northern Kurdish region expect to boost initial production of 40,000 barrels per day to 60,000 bpd by November, company officials said on ...
Oil production from Iraqi Kurdistan's Taq Taq oil field fluctuates between 20,000 and 40,000 barrels per day, of which exports range between 12,000 and 30,000 bpd, a senior engineer at the site ...
Iraq's semiautonomous region of Kurdistan began exporting crude for the first time, sending 100,000 b/d from the Taq Taq and Tawke oil fields via the Iraq-Turkey pipeline to the Turkish port of ...
27 May 2008 16:28 GMT Updated 27 May 2008 16:28 GMT ByNews services ...
The export of crude oil from the Tawke and Taq Taq fields represents a landmark accomplishment for the Kurdistan Region that will bring in much needed revenues for the people of Iraq. Iraqi ...
This is feeding regional refineries and power production. The 4,500 bpd Taq Taq field also "continues to produce into storage," according to a spokesperson at field operator Genel Energy.
Addax Petroleum in their November 2006 presentation estimated that the Taq Taq Field has current STOIP of 1.2 to 2.7 billion barrels with expected STOIP of 1.9 billion barrels.
About 40,000 barrels per day will initially be sent from Taq Taq, which is in a remote area of Irbil, with another 60,000 barrels a day from the Tawke field in nearby Dahuk province.
Genel shares have plunged after two downgrades to reserves at Taq Taq, failed exploration campaigns in Africa, political unrest in Iraq and a sharp drop in oil prices since 2014.
Taq Taq production is currently estimated at between 65,000 and 75,000 barrels per day, dropping to between 50,000 and 70,000 bpd in 2017 and 2018.
Taq Taq and Tawke oil fields: Genel Energy's revenues These two oil fields are the main source of revenues for the company. From June to November, Genel Energy has received around $100 million.