SOCO International Reports Successful Testing of Latest Yemen Well

Source: www.gulfoilandgas.com 4/9/2005, Location: Middle East

SOCO is an international oil and gas exploration and production company, headquartered in London. The Company has continuing interests in Vietnam, Yemen, Mongolia, Libya and Thailand with ongoing production operations in Yemen and Mongolia. As announced on 1 April 2005, SOCO has agreed to dispose of its Mongolian operations, subject to gaining approval from its shareholders.

The Company's majority owned subsidiary, Comeco Petroleum, Inc. ("Comeco"), through which the Company holds a 16.785% interest in the East Shabwa Development Area in Yemen ("ESDA"), announces the successful production test of the KHA-404. The well was drilled as part of the continuing appraisal and development of the Basement reservoir in the Kharir Field.

The KHA-404 spudded on 1st February 2005 and reached a total depth of 3,539 metres. The objectives of the well were to delineate the Basement and evaluate reservoir development in the northern extension of the structure. KHA-404 produced over 5,500 barrels of oil per day ("BOPD") when tested earlier this week and is now connected to Kharir's main production facilities. This marks the third consecutive success of the four wells drilled thus far in the programme initiated in August 2004 to evaluate the Basement reservoir in the Kharir Field. After the first well, KHA-401 was suspended for a technical review, the KHA-402 well tested at 550 BOPD and the KHA-403 tested at over 6,500 BOPD.

The fifth Basement well in the current ESDA drilling programme, the KHA-405, spudded on 28th March 2005.



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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 


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