Gulfsands (115)

19-02-2007

Results from drilling at Tigris-1 well have been inconclusive and have led to a disagreement on the commercial prospects among the two partners in Block 26

12-02-2007

Gulfsands has announced that it had contracted with Crosco for the supply of a rig to be used for drilling works that will start in the middle of this month

22-09-2006

Drilling works on the Tigris well have started according to a statement from Gulfsands Petroleum.

22-09-2006

Crosco Integrated Drilling & Well Services Co., Ltd. has been awarded drilling, well logging and integrated service contracts by Hayan Petroleum Company.

03-08-2006

Ryder Scott Company, L.P., an oil consultancy firm, has submitted an economic evaluation study of the Tigris structure in Block 26 after it had submitted earlier in the year a reserves evaluation study (Read Gulfsands starts drilling works on Block 26)...

03-06-2006

Petro-Canada is taking over Marathon Oil’s share over its contract to develop gas fields in the region of Palmyra according to diplomatic sources in Damascus.

18-05-2006

Marathon Oil Company has ended a dispute with the Syrian Ministry of Oil that has been running since the early eighties and its discovery at the time of two gas fields.

18-05-2006

The Syrian Ministry of Oil has awarded Soyuzneftegas an E&P contract over Block 12. The Block was initially offered for development in the bidding round held in December 2003 and not in the latest round held in December 2005.

03-05-2006

SNG Overseas Ltd (SNGO), a 100 percent subsidiary of Emerald Energy Plc is the partner of Gulfsands Petroleum in the development of Block 26 and owner of a 50 percent working interest in the field.

17-04-2006

Gulfsands is starting drilling works on Block 26 acording to a statement from the company. The US-British independent oil company has said that it had entered into agreement with two engineering companies for the drilling of three wells.

03-02-2006

The Ministry of Oil and Mineral Resources has received 23 bids from thirteen different companies for exploration works on the nine blocks offered for tender in the round held last December in Damascus.

15-11-2005
The decrease in oil production levels is prompting the Syrian government to open new blocks for drilling to Arab and other foreign companies.
16-05-2005

Gulfsands Petroleum has signed an agreement to purchase Devon Energy Corporation's 80% interest in the Block 26, in the northeast of the country, through its purchase of all the capital shares of Devon Syria, Ltd for an undisclosed amount.

16-03-2005
Devon Energy, the US independent oil company has announced that it was withdrawing from Syria and that it wouldn’t be developing the field it was awarded back in May 2003.
01-06-2003
The past month has seen the signing of two new oil contracts which, in one case, should help increase production by up to 30,000 barrels of oil a day (b/d) and in the other start explorations in one of the largest blocks in the country.