Printer Friendly

CANADIAN OCCIDENTAL PETROLEUM LTD. ANNOUNCES MASILA BLOCK UPDATE

 CANADIAN OCCIDENTAL PETROLEUM LTD. ANNOUNCES MASILA BLOCK UPDATE
 CALGARY, Alberta, Jan. 24 /PRNewswire/ -- Canadian Occidental Petroleum Ltd. (AMEX: CXY, Toronto, Montreal: CXY), on behalf of its wholly owned subsidiary, CanadianOxy Offshore International Co., Pecten Yemen Co. (a Shell Oil Co. subsidiary), Occidental Peninsula Inc. and Consolidated Contractors International SAL, announced further exploration success on the Masila Block and extension of the exploration phase of the contract.
 The first well in the Hemiar structure, Hemiar No. 1 (formerly Hamood), was drilled to a depth of 1840 meters and encountered 14 meters of net pay in the Qishn Formation. Hemiar No. 1 was production tested at an initial rate of 1552 barrels of oil per day and further drilling will determine the extent of the discovery. Located 18 kilometers east of the Sunah field, Hemiar can be tied into the proposed central production facility and pipeline.
 In the Camaal field, Camaal No. 4, located two kilometers from Camaal 2 and Camaal 3X, was drilled to 2184 meters and encountered two Qishn Formation intervals with a combined net pay of 15 meters. Production testing will determine if the intervals are similar to zones tested in Camaal No. 2 and Camaal 3X at rates of 12,670 and 10,795 barrels of oil per day.
 Production tests at Sunah-1, Sunah-2 and Heijah-1 resulted in stabilized pump rates of 1685, 3800 and 4860 barrels of oil per day.
 The Republic of Yemen government has agreed to extend the exploration phase of the concession agreement to March 15, 1995. The two year extension will allow the aggressive exploration program, currently employing three drilling rigs and three seismic crews, to continue.
 -0- 1/24/92
 /CONTACT: John S. McKay of Canadian Occidental Petroleum, 403-234-6700/
 (CXY.) CO: Canadian Occidental Petroleum Ltd. ST: Alberta IN: OIL SU:


KJ -- LA035 -- 3431 01/24/92 18:37 EST
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:Jan 24, 1992
Words:307
Previous Article:OSBORN ELECTED TO FLEMING BOARD
Next Article:MONIQUE ANDREE BARBEAU NAMED NEW FULLERS CHEF
Topics:


Related Articles
CANADIAN OCCIDENTAL EXPLORATION ANNOUNCES UPDATE ON REPUBLIC OF YEMEN PROJECT
OCCIDENTAL AWARDED EXPLORATION BLOCK IN THE REPUBLIC OF KOMI, RUSSIA
OCCIDENTAL'S FIRST EXPLORATION DISCOVERY IN RUSSIA
GARNET REPORTS ON COLOMBIAN OPERATIONS, PAPUA NEW GUINEA LICENSE
ATTENTION BUSINESS EDITORS:
ATTENTION BUSINESS EDITORS:
Occidental, Shell Agree to Swap Some Oil, Gas Holdings
Black Sea Energy Shareholders Approve Participation In Block 71 Project; Drilling Contract Signed For First Peruvian Well Scheduled To Spud In Late...
Attention Business Editors:.
Canadian Occidental Petroleum Ltd. - Major Discovery in Colombia.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters