“We are still appraising the field and there is obvious upside potential. For this upside, we could achieve rates of around 200,000 bopd if we add further processing units. Export of this volume should also be possible,” Zhang said.
The completion of the Taq Taq to Khurmala pipeline in 2013, which ties into the Kurdistan Regional Governments’ crude oil export pipeline to Turkey, has allowed TTOPCO to quickly ramp-up production at the field. Capacity currently stands at 120,000 bopd.
Taq Taq is one of two producing fields (the other is the DNO operated Tawke oilfield) that has contributed significant production to the KRG’s debut of independent pipeline exports this year. The first sale of the exported crude oil occurred on May 22.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.