gulfsands to review data

Gulfsands Petroleum 40 % partner in the SD (GPX.L)
down 1.78 %
83.00 -1.50

Gulfsands Petroleum to review Sidi Dhaher well test results

8:31 am by Philip Whiterow
The drilling information and test data will be interpreted before determining any further operations to be undertaken on the Sidi Dhaher structure, Gulfsands said

Gulfsands Petroleum (LON:GPX) is to review the data from the Sidi Dhaher well in Tunisia before conducting any further operations on the structure, it said today.

The decision follows results from flow tests on the Sidi Dhaher that indicated no quantities of oil, the firm said.

ADX Energy Limited is the operator of the Chorbane licence in Tunisia where Sidi Dhaher is located. Gulfsands has a 40 per cent interest in Chorbane and can become the operator in the event of a commercial discovery.

Gulfsands said that despite good flow rates from the two reservoir zones and substantial amounts of fluids being produced from the upper reservoir zone at Sidi Dhaher, the fluids did not contain oil and were identified as most likely consisting of a mixture of drilling mud filtrate and possibly formation water.

The well will now be plugged and abandoned and the drilling information and test data studied before it decides what further work to carry out on the Sidi Dhaher structure, Gulfsands said.