buyers building, page-7

re: buyers building and nabrajah SYDNEY, July 13 (Reuters) - Australian-listed oil and gas
producer Oil Search Ltd. said on Thursday it had
recorded elevated mud log gas readings and oil shows at its
Nabrajah-11 well in Yemen in the Middle East.
The Papua New Guinean company said it now planned to proceed
with further logging and sampling of its readings before
deepening the well or running a testing program at Nabrajah-11,
west of production well Nabrajah-5.
Nabrajah-5 came online last November and has been ramping up
towards full production rates of 50,000 barrels of oil a day,
expected during the fourth quarter of 2006.
The field, in which Oil Search holds a 28 percent stake, is
operated by Norwegian independent oil producer DNO , with
57 percent. The Yemen Company holds the remaining 15 percent.
((Reporting by Paul Marriott, editing by Richard Pullin;