Oil Search Nears TD at Yemeni Well

AWE reported that as at 06:00 Yemen time (-7 hrs AEST) on June 16, 2010, the Jebel Al Milh-1 well was at a depth of 2,350 meters with the drill string running in hole, preparing to drill ahead. Progress for the week was 55 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 Ltd* 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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