CSR shares in oil flow
The exploratory well being drilled .about 26 miles offshore Ras al Khaima a United Arab Emtirate, has recovered oil from two zones between 14,500 ft and 16,000 ft. The combined initial test rates were 3800 barrels a day of 26-37 degrees A.P.I. gravity oil with low sulphur content. The well has been temporarily abandoned pending the results ot further drilling in the area. As previously announced, CSR, Ltd, acquired a 5 per cent interest ,in this well from Weeks Petroleum Ras al Khaima, Ltd, with the right to a 5 per rent interest in the concession.
CSR is considering its position regarding participation in the proposed additional wells.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760805.2.121
Bibliographic details
Press, 5 August 1976, Page 16
Word Count
113CSR shares in oil flow Press, 5 August 1976, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in