TransGlobe Energy Corporation has completed drilling the An Naeem #3 in Yemen to a total depth of 1,623 meters. The well was drilled structurally down dip from the An Naeem #1 and An Naeem #2 gas wells to test a potential oil rim.
The An Naeem #3 well, located on Block S-1, encountered the Alif sandstone and tested natural gas at a rate of 3.8 million cubic feet per day (MMcfd) and 12 barrels of condensate per day on a restricted choke from an eight meter perforated interval.
Although the well successfully tested hydrocarbons in the targeted Alif formation, an oil rim was not encountered. The well was temporarily abandoned and suspended as a potential gas condensate producer. The rig is currently moving to the next drilling location at An Nagyah #3. The An Nagyah #3 well is an appraisal of the oil discovery made at An Nagyah #2 this past December.
TransGlobe is a Canadian based exploration and production company with oil and gas projects in Canada and Yemen. TransGlobe is currently producing 2,300 barrels of oil equivalent per day.
The Company's 2002/2003 drilling program anticipates five to seven additional exploration, appraisal and development wells on two properties in Yemen. TransGlobe also plans to drill three to five gas exploration wells in Canada during 2003.— (menareport.com)
© 2003 Mena Report (www.menareport.com )