Asset Report

Taq Taq

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Taq Taq is an oil field located in the Kurdistan Region of Iraq, around 55 kilometres to the northeast of Kirkuk. The field is a surface anticline which produces from Middle-to-Upper Cretaceous reservoirs, which contain a light, sweet, under-saturated oil with low levels of associated gas. Taq Taq is one of three fields that have underpinned Kurdistan's oil production growth over the past decade. The others being Khurmala Dome and Tawke. Taq Taq production started in 2007 and ramped up ...

Table of contents

  • Summary
    • Issues common to oil developments in the Kurdistan Region of Iraq
    • Issues specific to the Taq Taq development
    • Shiranish
    • Kometan
    • Qamchuga
    • Pila Spi
    • Discovery
    • Appraisal drilling
    • Key Development Metrics
    • Processing facilities
  • Capital costs
  • Operating costs
  • New commercial framework
  • Royalty
  • Cost recovery
  • Depreciation
  • Profit oil
  • Bonus payments
  • Capacity Building Payments (Genel Energy / Addax)
  • 4 more item(s)...

Tables and charts

This report includes the following images and tables:

    Capital Costs Pre-2017 to 2025 (US$ million)Operating Costs 2026 to 2030 (US$ million)
    Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesIndex MapDetail Map
  • 9 more item(s)...

What's included

This report contains:

  • Document

    Taq Taq

    PDF 3.14 MB

  • Document

    Taq Taq

    PDF 3.09 MB