Gulf Oil and Gas accountACCOUNT

Calvalley Petroleum Receives Approval For The Commercial Development of Block 9 , Yemen

Source: www.gulfoilandgas.com 8/27/2005, Location: Middle East

Share |
Calvalley Petroleum, Operator and 50% working interest owner of Block 9 in Yemen, announced that it has received approval from the Ministry of Oil and Minerals for the commercial development of Block 9. The development area encompasses all of the Al Roidhat, Auqban, Hiswah, Qarn Qaymah and Ras Noor discoveries, as well as a significant number of additional prospects that will be drilled over the next several years. The Company and its joint venture partners received approval to retain for development approximately 63% of the 3,546 sq kms that was held previously under the exploration phase.

This very high level of retention represents one of the largest percentages of conversion from exploration concession to development area, to date, in Yemen. The Development Area of 2,234 km2, more than 552,000 acres, is equivalent to almost 24 townships of land by Canadian land standards. The development and production period extends to 2025 with an optional five year extension.

Initial field development will be focused on the Hiswah oil field, which was Calvalley’s first discovery in Yemen and into which six wells have already been drilled. The current development plan provides for production commencing later this year by trucking to one of three export pipeline alternatives. The Company intends to drill at least four more wells in the field prior to the end of 2005.

The initial phase of Central Processing Facilities (CPF) will commence construction immediately for completion prior to year end. Hiswah field development is expected to consist of approximately 25 wells, which number may be adjusted as additional reservoir information is obtained from new drilling and from the interpretation of the recently acquired 63 sq km of 3D seismic over the Hiswah field.

Late this year the Company intends to finalize plans for the construction of a pipeline with sufficient capacity to transport production from early development of other existing and future discoveries. It is anticipated that expansion to the CPF and the export pipeline will be operational during the 4th quarter of 2006.

Offshore Construction News in Yemen >>

Iraq >>  10/11/2017 - Agility, a leading global logistics provider, has opened a state-of the-art training facility, known as the Center of Excellence, at the Rumaila Energ...
Kuwait >>  10/10/2017 - Tendeka has been awarded a project to supply the Kuwait Oil Company (KOC) with its Inflow Control Device (ICD) technology which will enhance productio...

Saudi Arabia >>  10/9/2017 - Sadara Chemical Company (Sadara), which recently announced commercial operations of the full chemical complex in Jubail Industrial City II, has appoin...
United Arab Emirates >>  10/8/2017 - The Abu Dhabi National Oil Company (ADNOC) has strengthened its long-standing energy partnership with Japan, through the signing of a tri-partite Memo...

Saudi Arabia >>  10/5/2017 - Gazprom Neft has signed a Memorandum of Cooperation with Saudi Aramco, the national oil company of Saudi Arabia, to extend their partnership in oil an...
Saudi Arabia >>  10/5/2017 - The rich endowment of resources of both the Kingdom of Saudi Arabia and the Russian Federation can enable companies from both countries to collaborate...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Yemen Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Yemen >>

More News

 

Oil & Gas Companies in Yemen >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.