Gulf Oil and Gas accountACCOUNT

Morocco Gives Gas Pay to Circle Oil

Source: www.gulfoilandgas.com 10/29/2010, Location: Africa

Share |
Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce that the CGD-11 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Morocco.

The Company confirms a gas discovery in both the Main Guebbas target and the secondary Hoot zone. The well first tested gas at a sustained rate of 7.07 mmscf/d on a 30/64" choke from the Hoot. The perforated Hoot zone of 1,078.5m to 1,092m has a calculated net gas pay of 5.9m. The Main Guebbas gas zone was then perforated from 905m to 910m and has a calculated net gas pay of 4.2m. This interval tested at a sustained rate of 6.22 mmscf/d on a 30/64" choke. A thinner Upper Guebbas gas zone was also logged with 1m net gas pay and this zone will be tested at a later date. The well is being completed as a potential producer.

A full technical evaluation of all the results of the well is underway. This will allow for forward planning as a precursor to further assessment of the resource, including conducting an extended well test to give a more complete estimation of the reserves.

The drilling rig is now moving to commence drilling the third well, KSR-10, of the planned five well drilling program in the area. Following this, the DRJ-6 well from the previous drilling campaign will be tested and, weather permitting, the KAB-1 well will be re-entered for logging or re-drilling.

The Sebou permit lies to the north-east of Rabat in the Rharb Basin in Morocco.The Rharb Basin is a foredeep basin located in the external zone of the Rif Folded belt. The concession agreement, in which Circle has a 75% share and ONHYM, the Moroccan State oil company, has a 25% share, includes the right of conversion to a production licence of 25 years, plus extensions in the event of commercial discoveries.

Prof. Chris Green, CEO, said:
"I am pleased to report that we have continued our drilling success in the Rharb Basin and this well has tested with good sustained flow rates at both target levels. The well will now be completed and made ready for production".

Exploration News in Morocco >>

Colombia >>  6/23/2016 - Colombia's state oil company Ecopetrol offered 20 oil and gas blocks for auction, part of a company plan to cut back amid low global crude prices. ...
Pakistan >>  6/23/2016 - MOL Plc. hereby informs the capital market participants regarding a new gas discovery in the MOL operated TAL Block, Pakistan. This marks the companyí...

Russia >>  6/23/2016 - PetroNeft (PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended ...
Equatorial Guinea >>  6/20/2016 - H.E. the Minister Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy of Equatorial Guinea, has reiterated his call for increased invest...

Pakistan >>  6/17/2016 - MOL Group announced a new oil and gas discovery in the MOL operated TAL Block, Pakistan. This marks the 8th discovery in the block and the MOL's 12th ...
Norway >>  6/16/2016 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norwa...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Morocco Oil & Gas 1 >>  2 | 3 | 4 |

Oil & Gas Projects in Morocco >>

More News

 

Oil & Gas Companies in Morocco >>


Related Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.