NEWS ARCHIVE

Oil Search strikes out in Yemen

OIL Search will plug and abandon its West Ghobata-1 exploration well in Yemen after the hole fail...

Operator CCC had identified anomalies in the well from logs and encountered minor oil shows during drilling.

Participants in Block 49 are operator CCC (17.1%), Oil Search (42.3%), Virgin Resources (25.6%) and The Yemen Company (15%).

Elsewhere in the Middle East, Oil Search’s South Gharib-X1 well in Egypt, which spudded on December 7, is drilling ahead at a depth of 797m.

Oil Search is farming out a 30% stake in its wholly-owned Area A concession in Egypt’s Eastern Desert to Petrogas E&P.

In PNG, Oil Search has also spudded its NW Paua-1 exploration well about 5km northeast of the Moran oil field, which is targeting 40-120 million barrels of oil.

The well will test a structurally higher back limb location on the Paua anticline than the Paua-1x well that encountered oil shows in the Toro sandstone and recovered oil from the Iagifu sandstone in the mid 1990s.

With a planned total depth of 3377m, NW Paua-1 is targeting the Toro and Digimu sandstones in a seismically defined hanging wall structure.

Participants in NW Paua-1 are Oil Search (52.5%) and ExxonMobil (47.5%).

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