With the objective of finding petroleum reserves, a well was drilled to a total depth of 3,750 meters, resulting in petroleum discoveries in two reservoir formations, with a total thickness of approximately 96 meters. In the first reservoir formation, the testing indicated a natural gas flow rate of approximately 29 million standard cubic feet per day, and a condensate flow rate of approximately 1,770 barrels per day. In the second reservoir formation, the testing indicated a natural gas flow rate of approximately 6.7 million standard cubic feet per day, and a crude oil rate of approximately 7,880 barrels per day.
Following these positive drilling results for the Shams-4 well, PTTEP plans to produce oil and condensate from the Shams-4 well by the end of 2006.
PTTEP is the operator and holds a 100% interest in the Oman 44 Project.
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