London-headquartered Genel Energy Plc said it has flowed oil from the TT-34 well on the northern flank of the Taq Taq Field in the Kurdistan region of Iraq.
The well, which is nearing completion, produced from all zones tested at a maximum combined flow rate of more than 3,900 barrels of oil per day (bbl/d) with 28/64-in. choke, Genel said in a news release. It helped lift gross production from the field to about 13,650 bbl/d.
“Individual zone testing is now underway, which will determine the long-term production strategy,” the company said.
The well is expected to be placed on production around mid-January. An initial flow rate between 1,500 bbl/d and 2,000 bbl/d is anticipated.
Genel added the rig has moved to drill the TT-35 well nearby.
Recommended Reading
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Pioneer Natural Resources Shareholders Approve $60B Exxon Merger
2024-02-07 - Pioneer Natural Resources shareholders voted at a special meeting to approve a merger with Exxon Mobil, although the deal remains under federal scrutiny.
Parker Wellbore, TDE Partner to ‘Revolutionize’ Well Drilling
2024-03-13 - Parker Wellbore and TDE are offering what they call the industry’s first downhole high power, high bandwidth data highway.