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