Asset report

Taq Taq

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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 contains

  • Document

    Taq Taq

    PDF 8.09 MB

  • Document

    Taq Taq

    XLS 708.50 KB

  • Document

    Taq Taq

    ZIP 8.69 MB

Table of contents

  • Key facts
    • Summary
      • Issues common to oil developments in the Kurdistan Region of Iraq
      • Issues specific to the Taq Taq development
  • Location maps
  • Participation
    • Shiranish
    • Kometan
    • Qamchuga
    • Pila Spi
  • Well data
    • Discovery
    • Appraisal drilling
    • Kewa Chirmila prospect
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
  • Sales contracts
    • Royalty
    • Cost Recovery
    • Depreciation
    • Profit Oil
    • Bonus Payments
    • Capacity Building Payments (Genel Energy / Addax)
    • Profit-sharing agreement (Addax / Genel Energy)
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 25 images and tables including:

Images

  • Index Map
  • Detail Map
  • Production Profile
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities

Tables

  • Key facts: Table 1
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Infrastructure: Table 1
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2

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