Calvalley restarts drilling in Yemen
Canadian-based Calvalley Petroleum has resumed drilling in Yemen after it spudded the Ras Nowmah-5 development well on Block 9 in the Masila basin
The Canadian oil firm suspended all drilling activity in Yemen last year due to security concerns and evacuated its crews from the country. The situation in Yemen has now improved and Calvalley has slowly begun returning its drilling crew to the country.
Ras Nowmah-5 is the first of two development wells planned to be drilled by the company in Yemen and will be followed by the second development location of Ras Nowmah-4.
Drilling at Ras Nowmah 5 is expected to be finished by the end of July 2012 and if successful will be placed on production, Calvalley said in a statement.
On completion of the two development wells, Calvalley will drill several anomalies identified along the same plateau as Ras Nowmah.
Average gross production volumes for the quarter ended June 30 have been estimated at 3,000 bpd from the Hisway field and 2,000 bpd from Ras Nowmah. Al Roidhat field, capable of 1,200-1,500 bpd, was shut-in during the quarter due to local issues.
Calvalley operates a 50 per cent working interest in Block 9 of the Masila Basin.