Oilex has announced that the Al Jumd-1 well in Block 56 Oman has encountered substantial oil zones in two high quality sandstone packages within the Al Khlata Formation. Logging while drilling, drill cuttings and ditch gas readings indicate that two thick oil zones were encountered, with preliminary estimated details for these zones being as follows:
The well was spudded on December 1 and is currently drilling ahead to the planned total depth of 1,500 meters to evaluate the basal Haima and Huqf formation objectives. Once total depth has been reached the Joint Venture has determined that the well will be suspended for later production testing by a lower cost rig.
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