Asset report
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22 Pages

Taq Taq

Taq Taq

Report summary

Taq Taq is an oil field located in the Kurdistan Region of Iraq, around 55 kilometres to the northeast of Kirkuk. The field produces a light crude from Cretaceous reservoirs and a heavy crude from the Pila Spi. A PSA was awarded to Genel Enerji, later Genel Energy, in 2002 and Addax joined in 2005. Production started, under a PSA, in 2008 and ramped-up to a daily peak of over 142,000 b/d in Q1 2015. However, a recent downgrade to reserves means that the full capacity, of 150,000 b/d, will not be used. The field is directly connected to the Kurdistan Export pipeline.

What's included?

This report includes 2 file(s)

  • Taq Taq PDF - 675.44 KB 22 Pages, 17 Tables, 8 Figures
  • Taq Taq XLS - 708.50 KB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
    • Shiranish
    • Kometan
    • Qamchuga
    • Pila Spi
  • Well data
  • Exploration
    • Discovery
    • Appraisal drilling
    • Kewa Chirmila prospect
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
  • Costs
    • Exploration costs
    • Capital costs
    • Operating costs
  • Sales contracts
  • Fiscal and regulatory
    • Royalty
    • Cost Recovery
    • Depreciation
    • Profit Oil
    • Bonus Payments
    • Capacity Building Payments (Genel Energy / Addax)
    • Profit-sharing agreement (Addax / Genel Energy)
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) file
  • Economic analysis

In this report there are 25 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Detail Map
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Sales contracts
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
    • Fiscal and regulatory: Table 2
  • Economic assumptions
  • Economic analysis
    • Cash flow
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining PV Price Sensitivities
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