Calvalley Petroleum spuds first oil well at Yemen’s Block 9 site
Calvalley Petroleum recently announced that it has spudded its first well on Block 9 in Yemen. The first exploration well, Q6 is situated approximately 75 kilometers west of the Masila oil fields. A significant number of leads and prospects have been identified on the Block.
Based on seismic data, originally acquired in 1996 and confirmed by a 200 kilometer seismic program completed in March 2001 the Q6 well is located on a closed structure. The well is expected to take 17 to 20 days to drill to its anticipated depth of 1500 meters.
The well is the first of a four well program planed by Calvalley to test four of the exploration prospects identified by the seismic programs. The site preparation for the second exploration well is underway at the present time. The entire four well program is expected to be completed by the end of the year.
Calvalley is a Canadian oil and gas exploration and development company. As Block 9 operator, the company holds a 60 percent interest in the 1.2 million acre exploration concession under the terms of a Production Sharing Agreement signed with the government of Yemen in 1997. — (menareport.com)
© 2002 Mena Report (www.menareport.com)