Kurdistan plans Taq Taq oil exports

Addax Petroleum Corp., Calgary, has received notification from the Kurdistan Regional Government of plans to export crude oil from Taq Taq field in northern Iraq.

HOUSTON, May 11 -- Addax Petroleum Corp., Calgary, has received notification from the Kurdistan Regional Government of plans to export crude oil from Taq Taq field in northern Iraq.

Addax and Genel Energy International Ltd., partners in Taq Taq Operating Co., submitted a field development plan in March envisioning peak production of as much as 180,000 b/d (OGJ Online, Mar. 18, 2009).

The government has requested that the companies prepare to carry oil by truck from the field to the Khurmala export station about June 1. At Khurmala, oil will enter Iraq’s export pipeline transiting Turkey with a terminal at Ceyhan on the Mediterranean.

The joint venture currently is expanding Taq Taq production capacity to 70,000 b/d from its present level of as much as 40,000 b/d. Full field development will require construction of a pipeline.

The State Oil Marketing Organization will sell the oil. Taq Taq Operating works under a production-sharing contract.

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