Exploration wells planned in Gulf of Aden off Yemen

Oil Search Ltd., Sydney, Australia, has built a large portfolio of acreage in Yemen since 2000 and plans to drill in the Gulf of Aden in 2006.Most of the company’s blocks are on land, but Mukalla Block 15 lies along the coast in the nonproducing Sharmah rift basin east of Mukalla.Oil Search acquired an 80.75% interest in Block 15 in 2000. It remains operator, but its interest is 45% following a farmout to Kuwait Foreign Petroleum Exploration Co.The Australian independent has Northern Offshore Ltd.’s Energy Searcher drillship under contract. Click here to enlarge imageThe tight deepwater rig market and timing of the vessel’s availability will have delayed the start of dr...

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