Gulfsands steps closer to Khurbet East development

07 January 2008

A report on the commercial potential of Syria’s Khurbet East field will be given to Damascus in mid-January, according to the field’s operator, Houston-based Gulfsands Petroleum.

UK engineering consultancy RPS Group will submit the report to the Syrian Petroleum Company and the government for their approval.

In the second half of January, RPS will also submit an estimate of the field’s reserves.

Completion of the reports will follow analysis of the results from drilling at the Khurbet East-3 well. The well produced an average 3,240 barrels a day of oil, according to a Gulfsands statement on 7 January.

It is the second appraisal well drilled on the Khurbet East discovery on block 26, in which Gulfsands has a 50 per cent interest.

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