Gulf Oil and Gas accountACCOUNT

DNO increases in Block 43, Yemen

Source: www.gulfoilandgas.com 7/2/2004, Location: Middle East

Share |
DNO has increased its interest in Block 43, Yemen by 6.67 % to 56.67 %, following the previous coventurer First Calgary Petroleum (FCP) withdrawal from the license.

FCP's 10 % interest in Block 43 has now been distributed proportionally to DNO ASA by 6.67 & and Oil Search Ltd by 3.33 % following the failure of FCP to meet its obligation under the PSA (default). The resulting partners and their associated interests in the license are as follows:

DNO ASA: 56.67 % (Operator)
Oil Search Ltd: 28.33 %
TYC: 15.00 % (carried)

Block 43 contains the recent Nabrajah discovery with initial estimated reserves of 10 - 12 million barrels, of which DNO's pre-tax share is 5.7 - 6.8 million barrels.

Following the positive results from Nabrajah-1 discovery well reported earlier this year, two appraisal wells will now be drilled commencing within the next few weeks. The forward plan is to work towards a field development plan for submission to the Yemen authorities towards the end of 2004. If the field development starts early 2005 first oil production from Nabrajah could commence in 3rd quarter 2005.


Drilling News in Yemen >>

Argentina >>  8/13/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced an update on the ongoing testing programme in the Company's Fr...
United States >>  8/13/2018 - Reabold, the oil & gas investing company, has announced that Integrity Management Solutions, contract operator of the California licences in which Rea...

Papua-New Guinea >>  8/8/2018 - Santos on 8 August 2018, announced the Barikewa-3 well, located in Papua New Guinea’s onshore Forelands region, intersected 25 metres of net gas pay w...
Russia >>  8/7/2018 - PetroNeft (AIM: PTR) an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator o...

Kazakhstan >>  8/3/2018 - Deep Well 801 ...
Azerbaijan >>  8/1/2018 - SOCAR AQS commences drilling works on well 63 with the depth of 724 m located on the platform 10. It should be noted that well 63 will be drilled to G...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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. - Terms of Service - Privacy Policy.