11 September 2008
LONDON - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, and the US, announced on Wednesday that stabilized oil production through the Khurbet East Early Production Facility (EPF) now exceeds 11,500 barrels of 25.7 degree API oil per day (bpd), with production from three vertical and two horizontal wells. Oil production through the Khurbet East EPF commenced on July 21 with initial production from the KHE-4 vertical well.
Additional wells were successively brought online, and daily average production through the month of August was approximately 5600 bpd.
Upon completion of the production startup phase on Sept. 5, all five wells are online and daily production was increased to in excess of 11,500 bpd with only trace amounts of water.
Total field production to date has been in excess of 260,000 barrels of oil with the oil being transported by truck approximately 33 kilometers from the EPF to a processing facility operated by the Syrian Petroleum Company (SPC). Sufficient trucking capacity had been pre-arranged in order to transport these daily volumes.
The production startup phase included a pressure monitoring program designed to obtain data to be used to improve reservoir and field performance. Surface and down-hole pressure gauges were installed in all wells. Individual wells were shut-in for pre-planned periods to monitor reservoir pressure behavior.
The data are currently being analyzed by in-house and external engineering professionals.
The results of these analyses, combined with real-time production information, will be used for reservoir management as well as full-field development planning and design purposes.
Under oil marketing arrangements reached with SPC and the Oil Marketing Bureau (OMB) of the Syrian government, oil produced from the Khurbet East Field will be sold as "Syrian heavy crude oil".
LONDON - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, and the US, announced on Wednesday that stabilized oil production through the Khurbet East Early Production Facility (EPF) now exceeds 11,500 barrels of 25.7 degree API oil per day (bpd), with production from three vertical and two horizontal wells. Oil production through the Khurbet East EPF commenced on July 21 with initial production from the KHE-4 vertical well.
Additional wells were successively brought online, and daily average production through the month of August was approximately 5600 bpd.
Upon completion of the production startup phase on Sept. 5, all five wells are online and daily production was increased to in excess of 11,500 bpd with only trace amounts of water.
Total field production to date has been in excess of 260,000 barrels of oil with the oil being transported by truck approximately 33 kilometers from the EPF to a processing facility operated by the Syrian Petroleum Company (SPC). Sufficient trucking capacity had been pre-arranged in order to transport these daily volumes.
The production startup phase included a pressure monitoring program designed to obtain data to be used to improve reservoir and field performance. Surface and down-hole pressure gauges were installed in all wells. Individual wells were shut-in for pre-planned periods to monitor reservoir pressure behavior.
The data are currently being analyzed by in-house and external engineering professionals.
The results of these analyses, combined with real-time production information, will be used for reservoir management as well as full-field development planning and design purposes.
Under oil marketing arrangements reached with SPC and the Oil Marketing Bureau (OMB) of the Syrian government, oil produced from the Khurbet East Field will be sold as "Syrian heavy crude oil".
© The Saudi Gazette 2008
