Gulf Oil and Gas accountACCOUNT

Emerald Provides Block 26 Exploration Well Update

Source: www.gulfoilandgas.com 8/18/2006, Location: Middle East

Share |
Exploration well North Souedieh No.1 was drilled during the second quarter of 2006. Gas shows were recorded while drilling and interpretation of the electric wireline logs identified potential hydrocarbon zones. However no hydrocarbons were recovered when tested using a wireline conveyed testing tool. The well has been suspended while the acquired data is reviewed and alternative testing operations considered.

Tigris No. 1, the next exploration well expected to spud in late September 2006, will test the Tigris prospect located beneath the large Souedieh field. The Souedieh field, owned and operated by Syrian Petroleum Company (SPC), currently produces approximately 85,000 bopd. The S1100 well drilled more than a decade ago by SPC penetrated the Tigris prospect and encountered gas in several zones, some of which when flow tested, produced gas to surface. The potential hydrocarbon layers within the Tigris prospect have been mapped using the 3D seismic previously acquired by SPC over the Souedieh field. Using the existing dataset, Ryder Scott LLP, independent reserve engineers, completed a study of the Tigris structure to determine its potential to contain either gas or oil.

The Ryder Scott study has concluded that, if the Tigris structure contains gas, then the potential gross Probable and Possible reserves are 884 bcf of gas (equivalent to 145 mmboe) and, if the Tigris structure is an oil accumulation, then the potential gross Possible reserves are 104 mmbbl of oil and 64 bcf of gas (equivalent to 114 mmboe). Ryder Scott has valued Emeraldís share at US$494 million in the case of gas accumulation and at US$452 million in the case of oil accumulation. Emerald holds a 50% working interest in the contract to explore, develop and produce hydrocarbons from Block 26.

Exploration News in Syria >>

Brazil >>  2/21/2018 - Brazil's regulator, ANP, has announced that the Special Bidding Committee (CEL) has analysed the companies that requested to be registered in the 15th...
Cyprus >>  2/21/2018 - Cyprus said it would press ahead with oil and gas exploration, signalling resolve in a standoff with Turkey over access to potential energy riches aft...

Guyana >>  2/21/2018 - Eco (Atlantic) Oil & Gas Ltd., is pleased to provide an operations update on its Orinduik Block offshore Guyana. Eco (Atlantic) Guyana Inc., the Compa...
Iraq >>  2/20/2018 - Mr. Assim Jihad the spokesman of the ministry of oil revealed for a near visit by Mr. Jabbar Ali Al-Luiebi the minister of oil to Turkey before the en...

Jamaica >>  2/20/2018 - CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts o...
Mexico >>  2/16/2018 - Drilling of the first new exploration well in BHP Billitonís deepwater Trion project will begin in October, part of a plan approved by Mexican regulat...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Syria Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Syria >>

More News

 

Oil & Gas Companies in Syria >>


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.