Oil Search hits moderate oil with Al Meashar-2 onshore Yemen

Source: Oil Search

Oil Search reports that the Al Meashar-2 well in Block 7 onshore Yemen, was being drill stem tested using a jet pump over the basement target interval. Oil was produced at an estimated average of 145 barrels of oil per day. The well is currently shut in for further build-up tests and will then be suspended.

Al Meashar-2 is an appraisal well of the Al Meashar-1 oil discovery made in early 2010. The well has been drilled from the existing Al Meashar-1 well pad using Managed Pressure Drilling to minimize damage from drilling fluids in the reservoir. The planned total measured depth of the well is approximately 3,740 meters.

Oil Search serves as operator with 34% interest in Block 7. Project partners include Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd with 21.25%, ARC Energy Holdings with 21.25%, Mitsui Exploration & Production with 8.5%, and Yemen General Corporation for Oil and Gas with 15%.



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