The crude oil will be marketed by the State Oil Marketing Organization (SOMO) and revenues will be directed to Addax Petroleum and Genel Energy by the coordination of the government under the terms to be agreed according to the framework of the production sharing contract.
Earlier in 2009, Addax Petroleum and Genel Energy proposed a full field development plan for the Taq Taq field to the government which contemplates highest production of around 180,000 bbl/d. Current facilities at the Taq Taq field supply for production capacity of around 40,000 bbl/d and Addax Petroleum is in the process of expanding the facilities to 70,000 bbl/d of capacity. Subsequent to the successful exports by truck, a pipeline is projected to be constructed in support of the full field development.
