OMV success in Yemen
Posted: 13 November 2005
OMV reported another oil discovery in Block S2 (Al Uqlah) in the Shabwa province of Yemen.
The OMV operated Al-Nilam-ST1 well, drilled to a total depth of 3,090 meters encountered a 430 meter oil column in fractured basement formation which tested at a stable flow rate of 1,800 bbl/day.
The secondary target, tested at a flow rate of 200 bbl/day. This follows the successful test of the Habban-1 well, in the same structure, at a stable flow rate of 500 bbl/day in July 2005.
These recent positive results lay the groundwork for assessing the development possibilities and commercial potential of the block.
Block S2 covers an area of 2,070 km² and is located in central western Yemen in close proximity to Block 2 (Al Mabar) for which OMV has signed a Production Sharing Agreement on July 13, 2005.
“This further success in Yemen fits to our strategy to increase our exploration activities in our core regions. The positive test results further strengthen our position in Yemen. We are currently assessing the full potential of Block S2,” said Helmut Langanger, OMV Executive Board member responsible for Exploration and Production.
For more information see www.omv.com