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Kurdistan Region of Iraq

Licence areas

The Taq Taq field is located in the Kurdistan Region of Iraq, 60 km north of the giant Kirkuk oil field, 85 km south-east of Erbil and 120 km north-west of Sulaimaniyah. Through its participation in Taq Taq since 2005, Addax Petroleum was an early entrant into a potentially world class oil field.

The licence area covers an area of approximately 158,101 acres (639.6 km2); the Taq Taq field is completely located within this licence area and includes the main Cretaceous oil reservoir, a shallower Tertiary oil field that overlays the main reservoir, and deeper prospects in the Jurassic and Triassic.

Addax Petroleum and Genel Energy have formed an incorporated joint venture company, Taq Taq Operating Company Limited (TTOPCO) to act as operator under the PSA and conduct Taq Taq operations.

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Iraq News

Country overview

The Republic of Iraq is a country in the Middle East, spanning the north-western Zagros Mountains, the eastern Syrian Desert and the northern Arabian Desert. It is bordered by Kuwait, Saudi Arabia, Jordan, Syria, Turkey and Iran. It’s very narrow coast lies on part of the Persian Gulf. There are two major river systems: the Tigris and the Euphrates, which are vital resources for the country, providing it with fertile soil in contrast with the desert landscape that covers much of the region.
For more information on Iraq please visit the World Bank’s website.

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