Syrian apprasial: for London-listed Gulfsands
Gulfsands ready for new Syria well
UK-listed Gulfsands Petroleum is ready to begin drilling on its second appraisal well at the Khurbet East oil and gas discovery in Syria, the company said today.
The Khurbet East -3 well will further appraise reservoirs encountered in both the Khurbet East-1 discovery well and the Khurbet East-2 appraisal well and is scheduled to commence drilling in November.
The well is expected to be drilled to a total depth of about 2150 metres and will take about 45 days to complete at a gross cost of $2.4 million, or $1.2 million net to Gulfsands.
Gulfsands is operator of Block 26 in north-east Syria with a a 50% working interest
The block covers about 8250 square kilometres and includes existing fields which currently produce over 100,000 barrels of oil per day operated by third parties including the Syria Petroleum Company.