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SOCO Announced Exploration Well Update In Yemen

Source: www.gulfoilandgas.com 9/10/2005, Location: Middle East

SOCO is an international oil and gas exploration and production company, majority owned subsidiary, Comeco Petroleum, Inc., through which the Company holds a 16.785% net working interest in the East Shabwa Development Area in Yemen ("ESDA"), announces the commencement of drilling on the Kharir North prospect. The KHA-3-07 well (previously referred to as the KHA 407 prior to the revised well numbering system agreed with the Yemeni authorities) spudded on the 31st of August and is the first well targeting Basement on this prospect.

The KHA-2-17 (previously KHA-406) injector well that spudded on 11th June 2005 is currently being connected to the appropriate facilities prior to commencing a water injectivity test.

Comeco, in which SOCO holds a 58.75% interest, has a 28.57% interest in the ESDA in Block 10 in Yemen. The East Shabwa joint venture is operated by TOTAL Yemen, S.A. (28.57% interest) under a production sharing agreement with the government of Yemen. The other joint venture partners are Occidental Yemen Ltd. (28.57% interest) and Kuwait Foreign Petroleum Exploration Co. (14.29% interest).

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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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