DNO International Tests 5,900 Barrels per Day at Yemen Discovery Well
(Thomson Reuters ONE) -
Oslo, 30 October 2013 -- DNO International ASA ("DNO International"), the
Norwegian oil and gas company, announced today that it has tested 5,900 barrels
per day of 36º API crude oil from the Salsala-1 exploration well drilled in
Block 32, the Republic of Yemen.
Salsala-1 was directionally drilled to a total depth of 4,147 meters and
encountered oil shows in the Shuqra formation which was perforated over a 32
meter interval, acidized and tested. The well flowed naturally at an initial
rate of 5,900 barrels per day before being choked back to 3,400 barrels per day
due to limited surface storage capacity.
The well was spudded in July 2013 and the cost to drill, complete and test was
$10 million. Block 32 contains two producing fields, Godah and Tasour, whose
gross output currently averages 2,500 barrels per day.
"Yemen continues to be an important focus area for DNO International and this
discovery reflects our commitment to continue to build on our in-country
knowledge, expertise and investments," said Bijan Mossavar-Rahmani, DNO
International's Executive Chairman. He added that the Salsala-1 well will be
placed on an extended production test and that an appraisal well is scheduled in
early 2014 as part of a fast track development of this discovery.
DNO International holds a 38.95 percent interest in and operates Block 32.
Ansan Wikfs holds 42.93 percent, TransGlobe Energy Corporation 13.12 percent and
Yemen Oil & Gas Corporation the remaining 5 percent.
In addition to Block 32, DNO International holds interests in five other blocks
in Yemen, two of which are also in production, one under development and two in
the exploration phase. Year-to-date, DNO International's Company Working
Interest production in Yemen has averaged just over 4,000 barrels per day.
--- DNO International ASA is an Oslo-listed, Middle East and North Africa
focused oil and gas company holding stakes in 20 blocks in various stages of
exploration, development and production both onshore and offshore in the
Kurdistan Region of Iraq, the Republic of Yemen, the Sultanate of Oman, the
United Arab Emirates, the Tunisian Republic and Somaliland.---
Oslo, 30 October 2013
DNO International ASA
Corporate Communications
Queries: Bjorn Dale (bjorn.dale(at)dno.no or tel: +47 909 79 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
[HUG#1739052]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 310693
Anzahl Zeichen: 3244
contact information:
Town:
Oslo
Kategorie:
Business News
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