Oil Search Updates on Yemeni Well
Oil Search reported that as at 06:00 Yemen time (-7 hrs AEST) on May 26, the Jebel Al Milh-1 well was at a depth of 1,326 meters and drilling ahead in 17-1/2" hole. Progress for the week was 817 meters.
Jebel Al Milh-1 is located 16 kilometers 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 meters.
The participants in Block 7 are:
- ARC Energy Holdings 21.25%
- Oil Search (ROY - Operator) 34.00%
- Kuwait Foreign Petroleum Exploration (Aden) 21.25%
- Yemen General Corporation for Oil and Gas 15.00%
- Mitsui E & P Middle East 8.50%
- Papua New Guinea Government To Sell Stake In Oil Search (Sep 21)
- Oil Search Profit Soars, Focus On Advancing PNG Gas Projects (Aug 22)
- Oil Search Q3 Revenue Beats Forecasts (Oct 18)