DNO Spuds Well in Yemen Block 43

DNO has spudded the first well in block 43 in Yemen. The well will be drilled down to approximately 2,000 meters to test a structure with a potential corresponding to that of the Tasour field. The well is expected to be completed in about 20 days.

A new production well in Block 32, Tasour # 9, has come onstream, producing some 1,500 barrels of oil per day. Tasour field production now averages approx. 20,000 barrels per day, which means that all production wells are producing at full capacity. Production figures for April, however, are on the same level as for March.

The results of wells # 7, 8 and 9 in Tasour have changed the geological understanding of the Tasour area, increasing total recoverable oil reserves in the Tasour field to approximately 20 million barrels. At the end of March, the field had produced about 9 million barrels. Remaining reserves are some 11 million barrels. The new geological interpretation of the Tasour area has identified a potential for additional reserves in the western flank of the Tasour field. A well will be drilled in this area when the well that is now being drilled in block 43, has been completed.

When the above-mentioned wells in blocks 43 and 32 have been completed, a well will be drilled in a Sharyoof satellite structure. Production from Sharyoof still averages over 20,000 barrels per day.