Emerald Energy Receives Approval for Development of Khurbet East Field

UK-based energy firm Emerald Energy has announced that the Syrian Ministry of Oil and Mineral Resources and the Syrian Petroleum Company have granted approval for commercial development of the Khurbet East field in Syria’s Block 26.

Field development is intended to commence immediately and establish early production from the shallow Cretaceous Massive reservoir as soon as an early production facility (EPF) can be installed at Khurbet East field, the company said.

An EPF capable of processing some 10,000 barrels per day is expected to be operational by the fourth quarter of 2008 and will be followed by the full field development facility installation.

The gross life-of-field proved plus probable reserves of oil contained in the reservoir are estimated to be 65.6 million barrels as of December 31, 2007. Emerald holds a 50% interest in Block 26 through its fully owned subsidiary SNG Overseas.