Corporate Info
Corporate Info Business Units Gallo Oil | Gallo Oil (Jersey) Ltd. |
 Through Gallo Oil (Jersey) Ltd. (“Gallo Oil”), the Company operates two oil and gas exploration concessions in the Republic of Yemen. Those blocks are Block R2 at East Al Maber, Hadramaut territory and Block 13 at Wadi Al Armah, Al Mahara territory. Gallo Oil acquired operating shares of 50% at Block R2 and 100% at Block13.The Block R2 concession covers an area of 2,139 square kilometers. Geologically this block is located in the Jahi High territory and in the western part of Seiyun concave, Massila. In this block, Gallo Oil has drilled six exploration wells and four of them indicated promising potential hydrocarbon. But test results indicated that the hydrocarbons in these wells are noncommercial. Based on the data from the existing wells drilled, incorporated with a new approach, Gallo developed a new exploration concept namely seismic stratigraphy with Qishn Clastics reservoir as a main target. Gallo is still optimistic about discovering commercial hydrocarbon in this block and plans to drill one exploration well in 2012. The Block R2 concession covers an area of 2,139 square kilometers. Geologically this block is located in the Jahi High territory and in the western part of Seiyun concave, Massila. In this block, Gallo Oil has drilled six exploration wells and four of them indicated promising potential hydrocarbon. But test results indicated that the hydrocarbons in these wells are noncommercial. Based on the data from the existing wells drilled, incorporated with a new approach, Gallo developed a new exploration concept namely seismic stratigraphy with Qishn Clastics reservoir as a main target. Gallo is still optimistic about discovering commercial hydrocarbon in this block and plans to drill one exploration well in 2012.  The Block 13 concession covers an area of 5,563 square kilometers. In this block Gallo, Oil has drilled three exploration wells, namely: Al Rizq#1, Al Barakat#1 and Al Rizq#1A/B wells. From the three wells drilled, two wells, Al Rizq#1 and Al Rizq#1A/B indicated the presence of significant gas with high pressure high temperature (HPHT). From the result of directional sidetracked drilling of Al Rizq#1A/B well, it proved that the spread of the gas reservoir reached a radius of one kilometer continuously. This encouraging result leads the company to believe that there is a huge gas accumulation beneath the block. Geological and Geophysical studies related with fracture reservoir will be initiated early 2012 and will be focused on Shuqro and basement targets where the gas is found. |
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