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Yemen Oil Find For Canada's Calvalley Corp
Canada's Calvalley Corporation is targeting more exploration success in Yemen's Block 9 after making an oil discovery at its Ras Nowmah field, Yemen's Saba news agency reported.
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The Ras Nowmah-2 well initially tested 1,227 barrels per day of light oil with no formation water. The well hit 41 metres gross oil pay but only the upper 15 metres was perforated for the initial test.
The Qishin sands - the primary target zone - came in about four meteres higher than expected.
The company said that the pressure drawdown and build-up test indicated the well is capable of potentially producing at much higher rates.
Based on these initial results, the company has expedited the acquisition of a pump with significantly higher capacity.
The new pump will be on location within several days for the resumption of testing. Block 9 lies in the Sayun-Masila basin, which has a proven hydrocarbons base, and Calvalley said the Ras Nowmah discovery proves that the Qishin structures are similar to those in the Masila block.
Both the near-term and long-term exploration programmes are expected to expand significantly, Calvalley said.
Calvalley added that the lighter Ras Nowmah crude is expected to result in strong recovery factors with a positive effect on the company's total Block 9 reserves.
Ras Nowmah is situated along a prospective fairway where Calvalley has already identified several other Qishin structures, the company said.
-- BERNAMA |
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