Genel Energy completes well
Kurdistan Region of Iraq The TT-27x side-track well is flowing at a rate of some 3,000 bopd, and is expected to produce between 1,500 bopd and 5,000 bopd. The rig utilised, the VT-03 unit, will now be used to drill a side-track well of the TT-07 well, which is expected to take 60 days. Genel Energy anticipates it will drill a third side-track well later this year.
Production in Taq Taq averaged 69,000 bopd in the first half of 2016, the company said. Output from the Tawke, Genel Energy’s other oil-producing asset in the Kurdistan Region, averaged 102,000 bopd during the mentioned period. The company’s net production forecast for 2016 was revised downwards from a initial guidance of 60,000 bopd-70,000 bopd to between 53,000 bopd and 60,000 bopd.
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