Almotamar.net(BREAKING NEWS)- - Oil and gas producer Soco International PLC said its KHA 1-16 well in Yemen had tested at more than 8,400 barrels of oil per day, lifting its shares more than 4 per cent, in the East Shabwa Development area.
'This is significant to the basement reserves in the Kharir Field that continue to increase,' says the company in a press release.
Soco said in August that the East Shabwa Development Area was producing 12,000 barrels of oil per day, more than the 2005 average.