Almotamar Net -
SOCO's majority owned subsidiary, Comeco Petroleum, Inc. ("Comeco"), through which the Company holds a 16.785% net working interest in the East Shabwa Development Area in Yemen ("ESDA"), announced the successful production test of the KHA-3-07 well. The well was drilled as part of the continuing appraisal and development of the Basement reservoir in the Kharir Field.
The KHA-3-07 well spudded on 31st August 2005 and reached a total depth of 3,472 metres Measured Depth ("MD"). The objectives Related Pictures
Kharir Field, Yemen
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of the well were to appraise the basement reservoir in the previously undrilled Kharir North structure, and evaluate reservoir development in the northern extension of the Kharir structure as currently mapped. KHA-3-07 tested over 850 barrels of oil per day against a 26/64 inch choke. The well is now connected to Kharir's main production facilities.
The rig has since moved to drill the Jathma-1 well, an exploration well on a new Basement prospect in the northern area of Block 10. The well spudded on the 22nd October 2005 and is currently drilling at 2,673 metres MD. A second rig commenced drilling a water injection well on the Atuf Northwest Field on the 19th November 2005. The partners have also recently contracted a third drilling rig that is currently moving onto the Block in preparation to drill a second Basement exploration well.
A Saudi aggression fighter jet targeted a citizen's car driving in Fara area of Kutaf district in Saada province overnight, killing the driver and injuring his friend, a security official said on Monday.
Scores of Saudi enemy soldiers were killed and injured on Sunday when the army and popular forces repelled a Saudi military attempt to sneak into Shurfah site in the border province of Najran, a military official said.
The operation was accomplished successfully against the Saudi
Saudi aggression warplanes have launched more than 49 airstrikes over the past hours on several residential areas across Yemen, a security official said on Sunday.
The airstrikes targeted the areas of Malahiz and Husama in Dhahir district, and areas Thuban, Masahif and Sdad in Bakim district of northern Saada province.