Harvest Natural Resources, Inc. issued an operations update on the company’s international oil and gas activities. The company is active in various properties in Asia and the Middle East.
Harvest Natural Resources, Inc. started drilling an exploratory well on Qarn Alam Block 64 in Oman. The Al Ghubar North–A well is the second of a two well program designed to test the hydrocarbon potential of this block. The company reported that the well is being drilled by the Rig #113 drilling unit owned by MB Petroleum Services LLC.
Harvest Natural Resources, Inc. is testing the potential of the Al Ghubar North structure, which consists of the Barik, Miqrat and Amin reservoirs. The company estimates the exploratory success of this well at 23%.
Harvest Natural Resources, Inc. owns an 80% working interest in the Al Ghubar North–A well and will drill the well to a total vertical depth of 10,300 feet at a cost of $8.1 million.
Harvest Natural Resources, Inc. is also active on the Budong-Budong Block located in West Sulawesi, Indonesia. The company reported that the KD-1 exploration well has reached at total depth of approximately 14,400 feet and is being evaluated by the company.
For more information on the company, go to http://www.harvestnr.com/
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