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.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Issues common to oil developments in the Kurdistan Region of Iraq
- Issues specific to the Taq Taq development
- 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
Tables and charts
This report includes 25 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production Profile
- Infrastructure: Table 1
- 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 01/01/2019
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2019)
- Remaining PV Price Sensitivities
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
What's included
This report contains:
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