Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/spot_news/gulfsands-speeds-syria-campaign.shtmlGulfsands speeds Syria campaign
U.S. Middle East explorer Gulfsands Petroleum has decided to appraise its Khurbet East block with a November well in northeast Syria and suveys planned for October.
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U.S. Middle East explorer Gulfsands Petroleum has decided to appraise its Khurbet East block with a November well in northeast Syria and suveys planned for October.
This autumn’s KHE-3 well will test a reservoir encountered in Cretacious Massive rock by two earlier wells at Khurbet East. Early production in second-half 2008 is the stated aim of the $2.4 million in drilling.
For not having found the oil-water border, it is now believed “the net oil pay within both wells is larger than previously indicated” and 29 metres of net oil pay in KHE-2 and KHE-1 ups the reserve potential and Kurbet East, the company maintained.
Gulfsands owns a 50 percent working interest and is operator of Block 26 in North East Syria.
In Iraq, Gulfsands has signed in 2005 a Memorandum of Understanding with the Ministry of Oil for the Maysan Gas Project in the south to take flared gas to market.
