DNO.ol
DNO has been on a tear lately.. The continued development of it's IRAC properties and the following release may be responsible.. I will be restablishing a position in DNO.ol today.. hank
DNO ASA (DNO.NO) is pleased to release an update
on the drilling activities in Yemen.
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Block 32: Godah # 2 confirms new oil discovery
The Godah #2 appraisal well was drilled to
evaluate the extent of the oil accumulation
found at the Godah #1 exploration well. Godah
#2, located approximately 1,100 meters to the
northeast of Godah #1, encountered the Qishn S-
1A sands 20 meters structurally lower than at
Godah #1. Godah #2 was production tested from a
4.0 meter interval at a stabilized rate of 1,160
barrels of oil per day and 117 thousand cubic
feet per day of gas (maximum test pump capacity).
The well will be equipped with a larger
Electrical Submersible Pump (`ESP`) and
suspended as a potential oil producer. The well
logs and the production test have demonstrated
an oil column of at least 23 meters. Additional
drilling in a structurally lower position and
further to the east will be required to
determine the location of the oil/water contact
and the eastern extent of the pool.
The Godah discovery is located approximately 14
km east of the Tasour Field. The Godah #1 and #2
wells have confirmed the presence of oil at
commercial rates. A plan is being prepared to
drill additional development/appraisal wells and
to connect them to the Tasour main CPF
facilities with a 23 km pipeline. The Godah oil
discovery will increase production and reserves
within Block 32.
Block 32: Tasour # 21 confirms extension of
Tasour Field
The Tasour #21 delineation well was drilled to a
total depth of 1,996 meters and completed as a
production well. The well encountered oil
bearing upper Qishn S-1A sands in a separate
fault segment located south of the Tasour Field.
The well was completed and placed on production
as a Qishn S-1A oil producer with an initial
production rate of 785 Bpd of oil and 2,355 Bpd
of water. The well is now being equipped with a
larger ESP to increase the total fluid
production from the well.
In addition to development/appraisal drilling at
Godah and Tasour, the Block 32 Joint Venture
Group plans to drill additional exploration
wells during 2006. An exploration well targeting
a fractured Basement prospect immediately south
of the Tasour field is planned to commence
drilling in the third quarter. In the meantime
the rig will move to first exploration well
location in Block 44.
Block 43: Nabrajah # 10 approaching Basement
Nabrajah # 10 has reached a depth of 2.627
meters and a 9 5/8 casing have been set. The
well is located in one kilometer north-east of,
and in the same fault terrace as Nabrajah # 5
production well. The main objective of the well
is to increase production from the Basement
interval.
Block 53: Sharyoof # 20 is currently testing
Sharyoof # 20 infill has reached a its total
depth of 2.422 meters. Following some tests
currently being undertaken in some deeper
intervals the well will completed as an Qishn
oil producer.
Contact:
DNO ASA : (+47) 23 23 84 80
Helge Eide, Managing Director
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