Oil Search to Suspend Al Meashar Well for Future Production

Oil Search reported that the Al Meashar-2 well in Block 7, Yemen, which was an appraisal well of the Al Meashar-1 oil discovery, has been suspended as a potential future producer, pending evaluation of the well results.

During the week, testing was completed, the well suspended and the rig was released.

The participants in Block 7 are:

• Oil Search (ROY) Ltd 34%, Operator.
• Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd 21.25%
• ARC Energy Holdings Ltd 21.25%
• Mitsui Exploration & Production Middle East B.V 8.5%
• Yemen General Corporation for Oil and Gas 15%
• Total 100%