TransGlobe Energy anounced today that they have succesfully taken a new well in production in the Tasour field in Yemen. However, according to the anouncement this well is operating with a water-cut of over 50%.
placed on production at an initial rate of approximately 6,100 barrels of oil per day with 6,600 barrels of water per day,
Production in the Tasour field started in november 2000 according to the EIA, which means that the water level in the field is rising dramatically fast.
It makes you wonder whether they are fighting an uphill battle in Yemen. Apparently the new well is only used in an attempt to offset the decline of the field.
With the addition of Tasour #12 the Tasour field is producing in excess of 21,000 Bopd (approximately 2,900 Bopd to TransGlobe). It is expected that production from the Tasour field will average approximately 18,000+ Bopd (2,485 Bopd to TransGlobe) for the remainder of 2004, which is consistent with the 2004 work plan and predicted natural declines for the field
According to BP total production from Yemen has fallen for the past two years. Hearing these kinds of stories, I think it Yemen can be safely placed in post-peak category.