Printer Friendly

AMOCO PROVES ADDITIONAL RESERVES IN SHARJAH

 AMOCO PROVES ADDITIONAL RESERVES IN SHARJAH
 CHICAGO, July 13 /PRNewswire/ -- Amoco Sharjah Oil Company, a


subsidiary of Amoco Production Company, today announced four recently completed wells have proven significant additional liquids and natural gas reserves and added to deliverability in two fields it operates in Sharjah.
 The four wells, three in the Sajaa field and one in the Moveyeid field, are now producing at a cumulative daily rate of nearly 15,000 barrels of liquids and 100 million cubic feet of natural gas. Additional wells are planned for the two adjacent fields in northwest Sharjah. The wells encountered productive intervals ranging from 215 feet to 890 feet at depths below 10,000 feet.
 "We are using a combination of three dimensional seismic to select optimal drilling locations; the most up-to-date drilling technology to reduce drilling time and costs; and a very effective acid fracture treatment program to improve well productivity," said Amoco Sharjah President Bruce Bramley.
 The company also is evaluating additional exploration prospects on the acreage it now holds in Sharjah.
 Amoco Sharjah has a 40 percent interest in the new Sharjah wells and the fields it operates there. The remainder of the interest is held by the Government of Sharjah.
 Amoco Production Company is the worldwide oil and gas exploration and production subsidiary of Amoco Corporation (NYSE: AN).
 -0- 7/13/92
 /CONTACT: Patricia Wright, 312-856-5566, or Margaret Laney, 713-556-7114, both of Amoco/
 (AN) CO: Amoco Sharjah Oil Company; Amoco Production Company ST: Illinois IN: OIL SU:


KD -- NY036 -- 8567 07/13/92 10:54 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 13, 1992
Words:258
Previous Article:SOCIETY NATIONAL BANK COMPLETES MERGER WITH AMERITRUST COMPANY N.A.
Next Article:AMERICAN LIST REPORTS RECORD REVENUES AND EARNINGS
Topics:


Related Articles
AMOCO TESTS SIGNIFICANT HYDROCARBON DISCOVERY IN SHARJAH, U.A.E.
AMOCO MAKES POTENTIALLY SIGNIFICANT DISCOVERY IN COLOMBIA
HONDO OIL & GAS PARTICIPATES IN POTENTIALLY SIGNIFICANT DISCOVERY IN COLOMBIA
AMOCO MAKES POTENTIALLY SIGNIFICANT DISCOVERY IN COLOMBIA
HONDO OIL & GAS PARTICIPATES IN POTENTIALLY SIGNIFICANT DISCOVERY IN COLOMBIA
Amoco Announces Gas-Condensate and Oil Discovery in Trinidad
Amoco Announces Oil Discovery in Trinidad
DUBAI & Other UAE Emirates - BP Amoco.
UAE - Dubai - BP Sharjah.
BP Sharjah.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters