DRILLING

Main target dry at latest Yemeni well

YEMENI partners Oil Search and Arc Energy are drilling ahead at their Reeb-1 exploration well, despite initial indications that the primary target is dry.

On Friday Arc announced that daily drilling reports suggested the Qishn Clastics Formation had been penetrated without any indications of a mobile hydrocarbon accumulation.

“Whilst the interval will be more fully evaluated by subsequent wireline logging evaluation at the end of the well, present indications suggest that this primary target is dry,” the company said.

On Friday, operator Oil Search was drilling ahead in a 12 ¼ inch hole towards the secondary targets in the fractured-karstified Saar and Naifa formations, the Kuhlan sandstone and weathered-fractured metamorphic basement.

Reeb-1 is about 35km east of Oil Search’s Al Magrabah-1 well, which was plugged and abandoned earlier this month.

Participants in Block 35 are Oil Search 32.5% (operator), Virgin Resources 37.5%, Arc Energy 15%, MND 10% and the Yemen Company 5%.

The Yemen Company is carried by the other joint venture participants.

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