Almotamar Net - OMV has made another oil discovery in Block S2 (Al Uqlah) in the Shabwa province of Yemen. The OMV operated Al-Nilam-ST1 well, drilled to a total depth of 3,090 meters encountered a 430 meter oil column in fractured basement formation which tested at a stable flow rate of 1,800 bbl/day. The secondary target, tested at a flow rate of 200 bbl/day. This follows the successful test of the Habban-1 well, in the same structure, at a stable flow rate of 500 bbl/day in July 2005. These recent positive results lay the groundwork for assessing the development possibilities and commercial potential of the block. |