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IPR Company complete drilling exploratory wells Trough Euphrates and get positive indicators for evidence of hydrocarbon and plans to drill four new exploration wells this year

IPR Company ended of oil drilling operations in a well Sbkhaoi / 1 / low-Euphrates basin, which started on 21/10/2010, and noted the presence of positive indicators for evidence of hydrocarbons during drilling in a number of Sueat.

 

 

The company is currently conducting finishing operations and assessing of the well, knowing that the company mentioned plans to drill four new exploration wells this year in its area of operation within the block / 24 / which is an area of 3853 km 2.
Note that the Company IPR is currently in phase II extension of the initial exploration period with effect from/28 09.2010 and for two years.

Note that IPR is currently in phase II extension of the initial exploration period with effect from 09.28.2010 and for two years.

The US-Egyptian Company IPR announced in May of the year 2009 it has achieved an oil discovery in the ” Arrasheed well 1″ in al-Qasra area that explore the operations several years ago and the province of Deir al-Zour.

The Company has achieved in March 2010 on the commercial production of oil the outcome of drilling and exploration work in Block 24 Arrasheed) from Jawdia formation in the installation of good fact to the north of the city of Deir al-Zour by about 17 km and formations Shiloh – Debbane – Juraibah in the installation of Abu Khachab , to the north-east of Deir al-Zour by about 60 km.

According to sources, the General Petroleum Corporation said that the reserve is discovered in a field of good-grade proven and of hopes estimated at 14 million barrels of recoverable from about 5 million barrels and estimated proved reserves in the field of Abu Khachab confirmed and hopeful about 148 million barrels of recoverable from about 37 million barrels .

The IPR Company participated in the international tender for oil exploration and development and production in the eight new blocks, covering about 40 percent of the area of Syria announced by the Ministry of Petroleum and Mineral Resources and the GPC last March.

 

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