Pioneer Initiates Production from Discoveries in Tunisia.

Source: www.gulfoilandgas.com 6/9/2005, Location: Africa

Pioneer Natural Resources Company (NYSE:PXD) today announced a successful well onshore southern Tunisia in the Adam production concession. The Nour discovery well is currently producing approximately 4,000 gross barrels of oil per day and is the seventh well to produce from the concession, making Adam the most productive oil concession in Tunisia with total production now averaging over 18,000 barrels of oil per day.
To date, Pioneer has achieved 100% drilling success in the Adam concession which includes the Adam, Dalia, Hawa and Nour producing areas. Pioneer holds a 24% participating interest in the concession..

These producing areas lie in the prolific Ghadames Basin, which spans much of northern Africa including Algeria, Tunisia and Libya. During 2005, the Company expects to continue to increase production with at least two additional wells planned in the area..

Scott D. Sheffield, Pioneer's Chairman and CEO, stated, "The Nour well gives us greater confidence in our view of the extent of the Silurian resource in this area of the Ghadames Basin. Each success reaffirms our initial expectations of the significant resource in place and increases our drilling inventory in southern Tunisia.".

During the third quarter, Pioneer expects to resume activity on the Anaguid block where the Company participated in two discovery wells during 2003 with operator, Anadarko Petroleum Corporation. Completion activities, including fracture stimulation and well testing, are planned on the SEA well, and an offset well is expected to be drilled to appraise the CEM discovery.


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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 


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