Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Gulfsands Drills Well in Northeast Syria, General Petroleum Says

July 13 (Bloomberg) -- Gulfsands Petroleum Plc of the U.K. began drilling a well in north-eastern Syria in an attempt to find commercial oil discoveries, the state-owned General Petroleum Corp. said.

The company began drilling Safa-1 exploration well in the Khurbet East development on July 4, the Damascus-based General Petroleum, which oversees the industry, said in a statement on its website today.

The pre-drill resource estimate for the Safa area is calculated to be 27 million barrels of oil, Gulfsands said in a statement on July 11.

Gulfsands produces oil in Syria from the Khurbet East and Yousefieh fields from which output was in excess of 21,000 barrels of oil a day during June, the statement said. The company expects its production to increase to approximately 24,000 barrels a day by the end of 2011, it said.

Syria’s oil reserves are the ninth-largest in the Middle East, according to data from BP Plc, and the country is trying to halt its declining crude output.

To contact the reporter on this story: Lina Ibrahim in Dubai

To contact the editor responsible for this story: Riad Hamade at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.