Yesiltepe-2: Drilling Operations Commence

Source: www.gulfoilandgas.com 1/5/2005, Location: Europe

John Menzies, Chairman and CEO of EurOmax Resources Limited (the “Company”) is pleased to announce that site construction has been completed at the Yesiltepe 2 well site in Turkey and that a 1350 HP Upetrom MA-200 drilling rig is now being rigged up on the pad.

The Yesiltepe-2 well will be a step-out well on the Yesilteppe structure where the Company made a gas discovery during 2003 in the Yesiltepe-1 well. Reevaluation of the Yesiltepe-1 well logs and seismic has indicated that the well was drilled on the flanks of the 28 square kilometre structure yet flowed 3.2 mmcf/d. Yesiltepe-2 will be drilled close to the interpreted top of the structure..

The drilling contract has been let to Turkish Petroleum International Companyand Schlumberger Limited (NYSE:SLB) will perform logging services..

The Company has a 15% interest in the 950,000 acre Adana and Iskenderun licences in southern Turkey after a farmout to Zorlu Petrogas (with its operator Merty Energy) who are earning their interest by funding and operating two wells and a 2D seismic program. Zorlu Petrogas is a part of Zorlu Energy group that owns and operates 18 electricity-generating plants and is a member of Zorlu Group the fourth largest company in Turkey..

Drilling Target.
The Yesiltepe-2 well will be drilled at the top of a high relief anticline in Miocene age sediments. The Yesiltepe-1 well was drilled 600 metres to the west on the flanks of the anticline and flowed at 3.2 mmcf/d with no depletion under production test..

Well Location.
Yesiltepe 2 is located in petroleum licence AR/AOI/XIII/3596 at Latitude:36 07 27.87 N and Longitude:36 55 35.43 E that forms part of the Iskenderun Basin licences approximately 70 kilometres to south east of Adana..

Ownership.
Participants in the well are:.
Zorlu Petrogas (Operator Merty Energy) 55%.
EurOmax Resources Limited 15%.
The Krystal Group Pte 30%.



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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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