joi, 22 iulie 2010

AWE provides update on Jebel Al Milh-1 well

AWE Limited reports that on 14 July, the Jebel Al Milh-1 well was at a depth of 2,870 ms and drilling ahead in 121/4” hole in the Lam Member of the Madbi Formation.

Elevated gas and oil shows have continued to be observed while drilling through this section. Progress for the week was 123 metres.

Jebel Al Milh-1 is located 16 kilometres north-northeast of the Al Meashar-1 well, which recently discovered oil in the basement. The primary target is fractured Pre-Cambrian basement and the structure is well defined on 3D and 2D seismic. The well is expected to drill to a depth of approximately 3,700 metres.

The participants in Block 7 are: ARC Energy Holdings Ltd (21.25%), Oil Search (ROY) Ltd (Operator, 34.00%), Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd (21.25%), Yemen General Corporation for Oil and Gas (15.00%) and Mitsui E & P Middle East B.V (8.50%.)

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