New Discovery on Kom Ombo

An oil discovery was made on Egypt’s Kom Ombo Concession. The discovery was made on a separate fault block from the main Al Baraka field. The new find was made with the drilling of the Al Baraka-16 well and tested oil from the deeper Kom Ombo C sand pay.

Sea Dragon Energy, a partner on the Kom Ombo Concession, said that the discovery has the potential of more than doubling the current field production.

The Al Baraka-16 was drilled to a total depth of 7,590 ft in the basement. The well encountered oil shows in the Six Hills F1, Kom Ombo C and Kom Ombo A sands. Cores were cut in the Six Hills F1 and Kom Ombo A sands. Core and petrophysical analyses show 60 ft of oil pay in the Kom Ombo C, 18 ft in the Six Hills F1 and four ft in the Kom Ombo A.

The Kom Ombo C was selectively perforated in the interval 6,610-6,767 ft and tested with Nitrogen lift at a rate of up to 530 bpd. This is the first commercial oil discovery in the Kom Ombo C sands where oil shows were observed in other wells previously drilled on the concession. The forward plan is to place the well on an extended production test to establish a stabilized production rate, map the extent of the pay and develop a plan for future step out wells.

Sea Dragon also reported that the West Al Baraka-2 (WAB-2) well, another oil discovery on the Kom Ombo concession, is currently awaiting hydraulic fracture stimulation (frac). The frac program will be carried out by mid-June to determine the commercial viability of this discovery.

In addition to the above the Faris-1 well is set to be drilled to a total depth of 6,700 ft into the basement to test a large separate fault structure. The primary objective of this well is to appraise the deeper Kom Ombo "C" sands updip from AB-16 with the secondary objectives being the shallower Six Hills and Abu Ballas Formations. The company said that a success with this well will open the Kom Ombo "C" sands play, as several follow up prospects and development locations have been identified. Current production from the Al Baraka field is averaging approximately 500 bpd gross.

Sea Dragon has a 50% working interest and is joint operator of the Kom Ombo Concession with Dana Gas owning the remaining 50%.