Middle East Economic Survey

VOL. LIII

No 9

01-March-2010

SYRIA

Gulfsands Abandons Zaman-1 Well In Block 26

Gulfsands Petroleum announced on 19 February that it has plugged and abandoned the Zaman-1 exploration well because it had found a small non-commercial quantity of oil reservoired. The well, located about 4.5km to the south of the Khurbet East field, targeted the same Cretaceous Massive Formation as is under production in the oil field. Zaman-1 was the first of four wells to be...