Gulf Oil and Gas accountACCOUNT

LUKOIL Started Deep Exploration Drilling Block A in Saudi Arabia

Source: www.gulfoilandgas.com 1/26/2006, Location: Middle East

In January 2004, LUKOIL won the bid round for carrying out operations within the contract area of Block A, the purpose of which is to explore for gas condensate, and in the event of a commercial discovery, organize the gas and gas condensate production. Block A is located in the eastern part of the Rub al-Khali basin to the south from Ghawar, the largest oil field in Saudi Arabia and in the world. The total area of the block is 29,928 square kilometers.

On March 1, 2004, LUKOIL Saudi Arabia Energy Ltd (LUKSAR) was established as the operating company; the venture’s participants are LUKOIL overseas (80%) and Saudi Aramco, the national company (20%). The company’s office is in Al-Khobar, the Eastern Province of Saudi Arabia. On March 7, 2004, the Government of Saudi Arabia and LUKSAR signed a Production Agreement for 40 years (including the first exploration period of 5 years).

For the period after the Agreement was signed, LUKSAR completed the reinterpretation of over 8000 km of historical seismic data, performed 2D, 3D and 3D-Sparse seismic in the area of about 1800 square kilometers, processed and interpreted the received data.

The first exploration well is located in the dome of Tukhman structure. The target well depth is about 5000 meters. In summer 2005, the well design was developed, and the environmental impact assessment was completed. Based on the tender results, the drilling rig contract was signed with Pool Arabia, a Saudi company, which is an entity within the international Nabors Drilling group. The estimated period of drilling is 9 months. The well construction contractors include local companies (GENTAS, Saleh & Abdulaziz Abahsain, Hajjan and King Fahd University of Petroleum & Minerals) and large international companies, such as Schlumberger, Weatherford, Baker Hughes, Varel International, Medbit, Reed Hycalog, Halliburton and Smith Bits.

Exploration News in Saudi Arabia >>

Indonesia >>  2/19/2019 - Repsol and partners PETRONAS and MOECO have made the largest gas find in Indonesia in 18 years. The discovery is also among the ten largest finds worl...
Norway >>  2/18/2019 - Wintershall Norge A/S, operator of production licence 847, has concluded the drilling of wildcat well 6706/6-2 S. The well was drilled about 60 kilom...

United States >>  2/18/2019 - 88 Energy has advised that the Winx-1 well, North Slope of Alaska, spudded on schedule on Feb 15 (AK time). The well was drilled to 600 ft prior to pu...
Norway >>  2/15/2019 - Equinor Energy AS, operator of production licence 248 C, has completed the drilling of wildcat well 35/11-22 S. The well was drilled in the northern ...

Norway >>  2/15/2019 - Wellesley Petroleum AS, operator of production licence 931, has completed the drilling of wildcat well 35/4-2. The well was drilled about 33 kilometr...
United States >>  2/15/2019 - 88 Energy has advised the following in relation to its oil and gas operations on the North Slope of Alaska. ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

Oil & Gas Projects in Saudi Arabia >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.