Tanganyika Oil finalizes work schedule for Syria and Egypt
Tanganyika Oil Company has announced its scheduled work program for the Oudeh Block in Syria and the West Gharib Block in Egypt.
The Oudeh Field is within a large, 192 square kilometer, development block in northeastern Syria which is estimated to contain 2.4 billion barrels oil in place. As the field is fully developed, total production levels are expected to reach over 30,000 barrels of oil per day, stated a press release.
Tanganyika has a 100 percent participating interest in the field and is the operator. The company is pursuing a fast track development of the Oudeh Field and has scheduled an aggressive 2004 work program.
The West Gharib Block in Egypt is a 1,898 square kilometer concession flanking the Gulf of Suez. The Block contains the producing Hana Field as well as numerous exploration prospects. Production from the Hana Field in Egypt has remained steady due to regular and ongoing well workover and water shutoff programs throughout the year. Tanganyika has a 70 percent participating interest in the West Gharib Block and is the operator.
Tanganyika is a Canadian oil and gas company with production and exploration assets in Egypt and Syria. Gross field production from the Hana Field in Egypt is currently averaging approximately 1,600 barrels of oil per day. — (menareport.com)
© 2004 Mena Report (www.menareport.com)