Khurbet East field development begins in Syria

The Syrian Ministry of Oil and Mineral Resources and the Syrian Petroleum Co. have approved commercial development of the Khurbet East field, according to Emerald Energy Plc.

Offshore staff

LONDON -- The Syrian Ministry of Oil and Mineral Resources and the Syrian Petroleum Co. have approved commercial development of the Khurbet East field, according to Emerald Energy Plc.

Field development is intended to commence immediately and establish early production from the shallow Cretaceous Massive reservoir as soon as an early production facility (EPF) can be installed. An EPF capable of processing 10,000 b/d of oil is expected to be operational by the 4Q 2008.

Engineering and construction of the EPF is scheduled to commence this quarter. The first phase of development will consist of the construction and installation of the EPF and the drilling of up to three wells, Emerald says.

Khurbet East discovered in 2Q 2007 with the Khurbet East No.1 well. Two appraisal wells have been drilled and tested since, with Khurbet East No.2 flowing 710 b/d of oil from a 10-m (33-ft) section and Khurbet East No.3 flowing 3,420 b/d of oil from the full section of the Massive reservoir.

Emerald holds a 50% interest in block 26 through its subsidiary SNG Overseas Ltd.

02/06/2008

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