Tethys Oil has announced that an oil exploration well has spud on Block 4 onshore Oman
The Swedish oil and gas company said that exploration well 5 (B4EW5) was drilled to a total depth of around 3,000 metres. The well recorded oil shows in five separate formations.
The well has been completed in the Lower Buah and produced by natural flow in excess of 200 bpd, a company statement said.
It added that operations, with a view to increase the production rate, would be carried out and plans were to place the well on a long term production test.
The B4EW5 is a look-alike structure to the producing well 4 structure (B4EW4), and was identified from recently completed 3D seismic.
Magnus Nordin, managing director of Tethys Oil, said, “We are encouraged by discovering oil also in the new structure. Like in the previous structure, oil shows were present in several formations, while the production from the Lower Buah is still considerably lower than that obtained from well 4 (B4EW4). As work continues we will learn more about the long term potential of the new discovery.”
A new appraisal well was also in progress southeast from the discovery well. The new well was being drilled to further appraise the extension of the Lower Buah reservoir section.
Tethys Oil has a 30 per cent interest in Blocks 3 and 4 in the country. Its partners are Mitsui E&P Middle East with 20 per cent and the operator Oman’s CC Energy Development SAL holds the remaining 50 per cent.
READ MORE...
