Oilex prepared for Al Jumd Test Program – Block 56 Oman

Oilex has today that preparations for the Al Jumd-1 testing program are being finalised and operations are planned to commence on February 26, with the initial flow period planned to be completed around March 6-8.

The Al Jumd-1 exploration well, spudded back in December, discovered oil in the Al Khlata Formation over the interval 1163 - 1328 metres Measured Depth with no oil-water contact identified. The well was suspended for further evaluation. Following in depth analysis of the oil zone using all available well data, 5 zones totalling 46.5 metres were selected for perforation and flow testing. A down hole pump will be run to maximise the recovery rate in the event that heavier crude oil is present.

The participants in the Block 56 Exploration and Production Sharing Agreement are: Oilex Oman Limited (operator) 25%, Videocon Industries Limited 25%, GAIL (India) Limited 25%, Hindustan Petroleum Corporation Limited 12.5% and Bharat PetroResources Limited 12.5%.