PNG's Oil Search Strikes Gas In Yemen

Date : 11/05/2009 @ 12:40AM
Source : Dow Jones News
Stock : Exxon Mobil Corp. (XOM)
Quote : 76.47  0.5 (0.66%) @ 7:47PM
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PNG's Oil Search Strikes Gas In Yemen

SYDNEY -(Dow Jones)- Oil Search Ltd. (OSH.AU) said Thursday that a well in Yemen located in a block it operates and in which it has a 60% stake has struck hydrocarbons, marking the company's first operated discovery outside Papua New Guinea.

Oil Search said the Tubb'a-1 well in Block 3, Yemen produced gas and condensate at rates of up to 450 barrels a day on a half-inch choke.

"Further work is underway to define the producing intervals and any fluid contacts," Oil Search said in a statement.

-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com

 
 

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