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Oil Search Limited announces drilling report

Thursday, Jan 03, 2013

Oil Search reports that as at 06:00 hours KRI time on 3 January, the Taza 1 ST1 well was at a depth of 3,200 metres and preparing to drill ahead towards the Euphrates Formation.

During the week, the testing equipment was recovered, pressure data
downloaded and a drilling assembly run in-hole, ready to drill ahead.
Operations were suspended on 30 December pending resolution of a local
security issue and will resume as soon as possible.

The Taza prospect is located approximately 80 kilometres southwest of the city of Sulaymaniyah. The primary objectives are Miocene and Oligocene carbonates of the Jeribe and Euphrates Formations.

Source: Oil Search Limited

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