Soco Yemen exploration well test successful
Posted: 3 January 2006
Soco subsidiary, Comeco Petroleum, Inc., reported the successful production test of the Jathma-1 exploration well (JAT-01) in the East Shabwa Development Area in Yemen.
The well was drilled to explore a new prospect on the Basement reservoir in the northern area of Block 10.
The JAT-01 well spudded on 22nd October 2005 and reached a total depth of 3,175 metres Measured Depth (MD).
The well tested over 1900 barrels of oil per day against a 56/64 inch choke with an API gravity of 35 degrees. Further evaluation of the results will be carried out to establish the productivity of the well and the most appropriate development scenario.
The rig has since moved to drill the KHA-1-07.G1 well, a horizontal water injection well within the existing proven Kharir Basement field to provide pressure support for the nearby KHA-2-16 well.
The well commenced drilling on the 20th December 2005.
A second drilling rig spudded the Jathma-2 well, the second Basement exploration well, on a separate location in the northern part of the Block on the 8th December 2005 and is currently drilling at 2436 metres.
A third rig commenced drilling a production well on the Atuf Northwest Field on the 12th December 2005.
SOCO is an international oil and gas exploration and production company, headquartered in London traded on the London Stock Exchange and a constituent of the FTSE 250 Index.
The Company has continuing interests in Vietnam, Yemen, Libya, Thailand and the Republic of Congo with ongoing production operations in Yemen.
For more information see www.socointernational.co.uk