Oracle Energy Provides Update on Block 22, Yemen

Source: www.gulfoilandgas.com 2/16/2006, Location: Middle East

Oracle Energy Corp. has been notified by operator of Block 22, Yemen Mayfair Petroleum Corp. (YMPC), that reprocessing of seismic data over a prospect of interest is currently underway. Once this is completed and results interpreted, further exploration plans for Block 22 will be formulated.

Oracle Energy Corp. holds a 15% participating interest in block 22, which encompasses 8,151 square km within the Tihama Basin in the western region of Yemen. YMPC and its partners have invested in excess of U.S. $20 million on exploration programs to date. Principals of YMPC were instrumental in the discovery of Yemen's first giant oil field in the mid-1980's, located in the Marib basin. Block 22, was awarded to YMPC in 1993.


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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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