EXPLORATION

Solid flows boost OSH Yemen campaign

Oil Search has continued its successful run in Yemen with the production test over the basement section of the Nabrajah-2 appraisal well completed over the weekend.

Solid flows boost OSH Yemen campaign

A drill stem test between 2,376 and 2,545m flowed at a stabilized rate of 15.2mmscf per day of gas, 313 barrels per day of condensate and 49 barrels per day of water.

Nabrajah-2 is the first well in a two well back-to-back appraisal drilling program to be conducted in order to determine the size and commercial viability of the Nabrajah discovery.

The Nabrajah-2 well is located approximately one kilometre northwest of the Nabrajah-1 well. Participants in this well are DNO ASA 56.67%, Oil Search 28.33% and The Yemen Company 15%.

Oil Search recently posted a record profit for the first half of 2004 of $82.8 million, 65% higher than in the previous corresponding period. Profit after tax but before non-core items was US$52.1 million, 29% higher than in the first half of 2003.

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