Gulf Oil and Gas accountACCOUNT

Circle Oil Provides Operational Update in Egypt

Source: www.gulfoilandgas.com 9/13/2010, Location: Africa

Circle Oil Plc, the international oil and gas exploration, development and production company is pleased to announce the following operational update on its activities in Egypt.

The exploration/appraisal well Al Ola-1X is presently drilling ahead after setting casing at 10,600ft MD in the Upper Rudeis, following drilling through the Kareem Formation. Log analysis has shown both sand units of the Kareem Formation to be oil bearing with no indication of the OWC. Formation pressure testing shows some limited communication with the updip Al Amir SE producers, and the well proves up the southern field extension in the Al Ola area. The Top Kareem Shagar was encountered at 9,731ft MD with 6ft of net pay and the Top Kareem Rahmi at 9,782ft MD with 19 ft of net pay (operator figures). The oil column is presently down to the base Rahmi Sand at 9,802ft MD (9,719ft SS).

The secondary objective in the Lower Rudeis Formation has also been reached where oil and gas were tested in the Al Amir SE-6X well. Strong gas shows were encountered in the interval 13,400-13,520 feet. The Al Ola-1X well is planned to be drilled to a total depth of 13,700 feet.

A further announcement on the well results, including testing, will be made in due course.

Separately, the partnership has also agreed the required plans to bring the gas associated with the NW Gemsa Concession producing wells into production, which is presently planned to be completed within the next 6 months.

Current gross production from the Al Amir, Al Amir SE and Geyad fields in the NW Gemsa Concession is 9,000 to 9,500 bopd.

The NW Gemsa Concession, containing the Al Amir and Geyad Development Leases, covering an area of over 264 square kilometres, lies about 300 kilometres southeast of Cairo in a partially unexplored area of the Gulf of Suez Basin. The concession agreement includes the right of conversion to a production licence with a 20 year term, plus extensions, in the event of commercial discoveries. The NW Gemsa Concession partners include: Vegas Oil and Gas (50% interest and operator); Circle Oil Plc (40% interest); and Sea Dragon Energy (10% interest).

Commenting Prof. Chris Green, CEO, said:

"Circle is maintaining its planned operational momentum and the work programmes are proceeding in line with our expectations. We are delighted with Al Ola-1X proving up the Kareem sands yet again and proving up the field extension in the south. The secondary target has also given strong shows of gas . Once this well is finished, we will consider the need for some injector support drilling before undertaking more appraisal and development wells."

Drilling News in Egypt >>

United Kingdom >>  12/11/2019 - Rockrose Energy plc (RRE), the independent oil and gas company, is pleased to announce the Noble Houston Colbert jack-up drilling rig is preparing to ...
Australia >>  12/10/2019 - Vintage Energy Ltd (VEN), as operator of the ATP 2021 Joint Venture (Vintage 50%, Metgasco Ltd 25%, Bridgeport (Cooper Basin) Pty Ltd 25%), is pleased...

Gabon >>  12/10/2019 - Panoro Energy is pleased to announce the successful completion of the DTM-4H well, the first of the phase 2 Tortue development wells. The well was dri...
Norway >>  12/9/2019 - Equinor Energy AS, operator of production licence 090, has concluded the drilling of appraisal well 35/11-23 A. The well was drilled about 3 kilometre...

Australia >>  12/8/2019 - Norwest Energy has approved a joint venture resolution to drill the EP368 exploration well in H1 2020 at Lockyer Deep. The well location is situated a...
Norway >>  12/8/2019 - The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a drilling permit for well 25/7-9 S, cf. Section 15 of the Resource Mana...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Egypt >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.