Exploration & Production

The Farha South-4 well (FS-4) in Block 3 onshore the Sultanate of Oman has been completed, Tethys Oil has announced. The pilot hole was drilled to a depth of 2,039 m. Both the Barik and the Lower Al Bashir formations were penetrated with oil shows. A horizontal section of 820 m was drilled in the Barik formation and a pump was installed and production testing was conducted on the horizontal section.

IPR and its partner, Sojitz Oil and Gas, have discovered another oil bearing structure in the underlying Alam El Bueib sands in the Yidma-Alamein License in Egypts Western Desert. Nearly two decades after acquisition of the license and nearly 50 years of oil production from the Alamein Dolomite, the new deeper production is from a structural closure offsetting the Dolomite closure where new wells will be drilled and rim wells will be re-entered to help develop the closure.

Qatari oil and gas services company, Gulf International Services QSC, is looking to set up joint ventures to drill outside the emirate as it faces lower rates for its rigs, the companys chief coordinator, Ebrahim Al Mannai, has said.

Dana Petroleum has announced that the Fin-1X exploration well has discovered a new oil field in the North Zeit Bay Production Sharing Contract (PSC) area onshore in the Gulf of Suez, Egypt. This follows the recent discovery of the Lorcan oil field in the same PSC area.