Gulfsands Petroleum plc, the AIM listed oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., provides an update on its operations in Syria.
Update on Syria Operations – Oil Gas - Day Press News
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The Twaiba 1 exploration well, located approximately 7 kilometers to the north of the Khurbet East Field, has been drilled to a total depth of 2016 metres measured depth ("MD") (2016 metres true vertical depth). This well was drilled as a sole risk operation by Gulfsands (Gulfsands 100% working interest). Libya, Syria establishing joint oil and gas projects • The Shiranish Formation contains a net pay section of approximately 31 metres, from 1872-2003 metres MD, with average porosity of approximately 21%. A definitive oil-water contact is not identified for this reservoir interval. Preliminary indications from observation of cuttings and core recovered from the well-bore suggests that the oil present at the Twaiba location may be of lower API gravity than that of the adjacent Khurbet East Field, but may be similar to that found in other fields in the immediate area. A production liner has been cemented in place over this interval, and a production test will be undertaken over this interval once testing has been completed on the slightly deeper Massive Formation reservoir.Update on Syria Operations – Oil Gas - Day Press News
