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 Emerald’s 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 >>

United Kingdom >>  5/23/2018 - The Oil and Gas Authority (OGA) has offered for award 123 licences over 229 blocks or part-blocks to 61 companies in the 30th Offshore Licensing Round...
United Kingdom >>  5/23/2018 - Equinor is pleased to have been awarded 9 new licences in the 30th Offshore Licensing round, 8 as operator, as announced by the Oil and Gas Authority ...

Egypt >>  5/22/2018 - Egypt has set October 1 and October 8 deadlines for two major international tenders for oil and gas exploration spanning 27 onshore and offshore block...
Australia >>  5/21/2018 - Comet Ridge Limited has announced that Easternwell’s Rig 101 spudded the Albany 1 sandstone appraisal well at 1430 hrs on Saturday 19 May 2018. At 060...

Egypt >>  5/21/2018 - Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement. ...
Argentina >>  5/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the succesful completion of drilling of the ELM-1004 explorati...

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. - Terms of Service - Privacy Policy.