Addax Petroleum announces results of continued appraisal drilling at Taq Taqadmin
Addax Petroleum Corporation has announced flow test results for the TT-05 well, the second appraisal well recently drilled on the Taq Taq field by Taq Taq Operating Company, the joint venture company formed by Genel Enerji A.S. (“Genel”) and Addax Petroleum to carry out the petroleum operations in the Taq Taq license area.
Two reservoir intervals were tested separately and flowed at an aggregate rate of 26,550 bbl/d of light oil, measured gravity ranging from 44 to 50 degrees API with low gas oil ratio. The intervals tested were a 105 meter perforated interval in the Shiranish formation which flowed at a rate of 12,890 bbl/d and a 82 meter interval in the Qamchuga formation which flowed at a rate of 13,660 bbl/d. Oil flow rates from the Shiranish and Qamchuga intervals were restricted by 56/64″ and 64/64″ choke size respectively, and in each instance, limited by the capacity of the surface testing facilities. Evaluation of these flow test results is ongoing.