Vintage Petroleum Announced Third Successful Horizontal Well In Yemen

Source: www.gulfoilandgas.com 4/23/2005, Location: Middle East

Tulsa, Oklahoma, Vintage Petroleum, Inc. (NYSE: VPI) announced today that the An Nagyah #15 well in the Republic of Yemen has tested light (43 degree API) oil from the subsalt Upper Lam formation. The well is the third horizontal well drilled in the company’s An Nagyah field.

The An Nagyah #15 well was drilled horizontally to a total measured depth of 6,493 feet (1,979 meters), which is equivalent to 3,468 feet (1,057 meters) of true vertical depth. Electric log analysis indicates a gross interval of 2,451 feet (747 meters) that is oil bearing in this well. The interval was tested at a stabilized rate of 2,625 barrels per day of light oil, 2.3 million cubic feet per day of natural gas and 84 barrels of water per day flowing at 575 pounds per square inch tubing pressure on a 48/64 inch choke. An additional horizontal development well is planned to be drilled during the third quarter of 2005. With testing completed at the An Nagyah #15 well, the drilling rig is moving 31 miles (50 km) to the southeast to drill the Wadi Markhah #1 prospect. This 6,562 foot (2,000 meter) vertical, exploratory well will be drilled to test Jurassic Lam and Alif formations.

All of the An Nagyah field production is being trucked to a nearby facility for processing and transportation to an export terminal until the planned pipeline is operational. The trucking capacity is approximately 7,500 barrels of oil per day (3,900 net). An 18 mile (28 km) pipeline to the processing facility is under construction and scheduled to be operational late in the second quarter of 2005 with initial throughput anticipated at 10,000 barrels of oil per day (5,200 net).

A central processing facility with an initial capacity of 10,000 to 12,000 gross (5,200 to 6,250 net) barrels of oil per day is scheduled to start up during the third quarter of 2005.

Forward-Looking Statements This release includes certain statements that may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address plans, future production, strategies, exploration drilling, exploitation activities, estimates of oil and gas reserves, and events or developments that the company expects or believes are forward-looking statements. Although Vintage believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forwardlooking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, actions taken and to be taken by foreign governments as a result of political and economic conditions or other factors, changes in foreign exchange rates and inflation rates, continued availability of capital and financing, and general economic, market or business conditions, as well as other risk factors described from time to time in the company’s filings with the SEC.

The company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.


Morocco >>  8/9/2022 - Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concessio...
United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...

Sudan >>  8/1/2022 - Firstly, I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportu...
Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...

Ireland >>  7/29/2022 - Europa Oil & Gas, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, has announced that the ...
United Arab Emirates >>  7/29/2022 - Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offsho...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.