Preparations to drill the first well - Farha South-3 on Block 3 - are ongoing. The well is estimated to spud in the first week of February. The second well - East Saiwan-2 on Block 4 - is scheduled to follow as soon as Farha South-3 has been finalized.
Mobilization at the Farha South-3 well location is ongoing. A total of 110 truckloads have moved the 2,000 horsepower Dalma-4 rig to the drilling location where it is currently being assembled. Drilling target is the Lower Bashair sandstone formation at a depth of around 1,900 metres.
Farha South-3 will be drilled 1.2 km South East of the Farha South-1 oil discovery. Based on data from previous operators, it is estimated that the Farha South structure could contain some 8 to 10 million barrels of recoverable oil. The discovery well tested a total of 260 bbl of 40 degree API oil from the Lower Bashair formation in 1986.
Farha South-3 will be drilled as a vertical pilot hole to test the lateral continuity of the Lower Bashair sandstone after which a 700 metres horizontal sidetrack is planned to be drilled to boost productivity.
Once Farha South-3 has been finalized, Tethys and partner will appraise the heavy oil discovery of East Saiwan on Block 4. When drilled in 2005, the well East Saiwan-1 logged about 42 metres of oil saturated limestones and sandstones. Although the section was evaluated by electric logs it was never drill stem tested. Previously, this oil was considered immobile; however, recent technical studies indicate that it potentially could be produced. Based on current data, calculations show that the East Saiwan area could contain more than 1 billion barrels of oil in place.
Tethys has a 50% interest in Blocks 3 and 4. Consolidated Contractors Energy Development (Oman) Ltd holds the remaining 50 per cent and is operator.
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Tethys Oil: Spring 2009 drilling programme on blocks 3 and 4 onshore Oman initiated
- Oman: Tuesday, January 27 - 2009 at 15:08
- PRESS RELEASE
Rig up at Farha South drilling location has commenced. Tethys will participate in a two well drilling programme during spring of 2009 on Blocks 3 and 4 onshore Oman.
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About Tethys OilTethys Oil is a Swedish energy company focused on identification and development for production of oil and natural gas assets in the Middle East, North Africa and Europe. Tethys' strategy is to primarily invest in projects in areas with known oil and natural gas discoveries that have not been properly appraised using modern technology. In this way, high returns can be achieved with limited risk.
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Posted by Nadeen El AjouTuesday, January 27 - 2009 at 15:08 UAE local time (GMT+4)
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