Oil Search Spuds Al Meashar-1 Well in Block 7

Source: www.gulfoilandgas.com 12/4/2009, Location: Middle East

Oil Search reports that the Al Meashar-1 well in Block 7, Yemen spudded on 29 November. As at 06:00 Yemen time on 2 December (-7 hrs AEST), the well was at 239 metres and drilling ahead in a 26” hole.

Al Meashar-1 is targeting fractured basement rock in a structure defined by a 3D survey acquired in 2008. The well has a predicted total depth of approximately 3,400 metres and is expected to take 70-75 days to drill.

The participants in Block 7 are: Oil Search (Republic of Yemen) Ltd 34% and operator, Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd 21.25%, ARC Energy Holdings Ltd* 21.25%, Mitsui Exploration & Production Middle East B.V 8.5% and Yemen General Corporation for Oil and Gas 5%. A wholly owned subsidiary of AWE Limited


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