Soco Brings Yemen Well Onstream

In Yemen, Soco has brought the KHA 105 Basement well, a shut-in second quarter discovery, into production in September after installation of the proper facilities. To date, production has increased from the clean-up period to greater than 7,000 barrels of oil per day.

The well was drilled five kilometers west of the previously announced Kharir 210 well that is currently flowing at 1,800 BOPD with no water. These two Basement discoveries could signal a significant new phase in the exploitation of the ESDA.

Soco holds a 16.785% interest in the East Shabwa Development Area on Block 10 ("ESDA") with partners Total (Operator), Occidental and Kufpec.