Oil Search Continues Drilling Ops at Al Meashar Well

AWE reported that at 0600 hours Yemen time on November 17, 2010 (-8 hours EDST) the Al Meashar-2 appraisal well in Block 7, Yemen, was at a depth of 2,579 meters and drilling ahead in the Lam Member of the Madbi Formation. Progress for the week was 260 meters.

Al Meashar-2 is the first appraisal well of the Al Meashar-1 oil discovery, which was drilled in early 2010. The discovery encountered oil in the fracture basement; however oil flow rates were limited due to potential reservoir damage which was incurred while drilling.

The appraisal well will be drilled from the existing Al Meashar-1 well pad and deviated parallel to the discovery well. The well is planned to be drilled using Managed Pressure Drilling, which is designed to minimize damage from drilling fluids in the reservoir. The well will be drilled to a planned total measured depth of 3,740 meters.

The participants in Block 7 are:

  • ARC Energy Holdings Ltd (A wholly owned subsidiary of AWE) 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%
  • Mitsui E & P Middle East B.V 8.50%
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