Project Profile
Location: Taza Block (K42), Kurdistan
Licence relinquishment: 2016
During 2010, a seismic programme was completed in Block K42 and discussions began with the Kurdistan Ministry of Natural Resources to transfer Oil Search’s seismic option into a full PSC under pre-agreed terms.
Interpretation of seismic from the K42 block has been completed. Oil Search holds a seismic option in K42 which, following evaluation of the seismic, allows the Joint Venture to apply to the Kurdistan Regional Government (KRG) for a full production sharing contract.
Operators:
Oil Search: Operator with 60% interest
Total S.A.: 20% interest
KRG: 20% interest