Oil Search Updates Al Meashar-1, Block 7, Yemen

Source: www.gulfoilandgas.com 4/30/2010, Location: Middle East

Oil Search reports that as at 06:00 Yemen time (-7 hrs AEST) on 28 April the Al Meashar-1 well was in the process of being suspended as a potential future producer. During the week fishing operations to recover the bottom hole assembly were successfully completed.

The rig will be moved to Jebel Al Milh-1, the second exploration well in Block 7, located approximately 13 kilometres north of Al Meashar-1.

The participants in Block 7 are: Oil Search (34%, Operator); Kuwait Foreign Petroleum Exploration Co. (21.25%); ARC Energy Holdings (AWE subsidiary) (21.25%); Mitsui E&P Middle East (8.5%); Yemen General Corporation for Oil and Gas (15%).


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