Al Ola-3 Pleases Partners on NW Gemsa

Circle Oil reported on the most recent activities at the NW Gemsa Concession in Egypt. The water injection well, the Al Ola-3, was spud on July 16 to support the oil production from the Al Ola-1 and Al Ola-2, AASE-12ST, and AASE-1X production wells. The well's objective was to appraise both the Shagar and Rahmi sands for water injection in that location.

The well was successfully drilled to a total depth of 10,550 ft MD into the Upper Rudeis. The well encountered 18 ft of net reservoir in the Kareem Shagar sand (between 10,164-10,182 ft MD) and 20 ft of net reservoir in the Rahmi sand (between 10,232-10,252 ft MD), with high water saturations present to the base of the reservoir as expected. Formation pressure tests in the Kareem sands of Al Ola-3 indicate fluid communication in this southern extent of the AASE field. The well will be dually completed as a Shagar and Rahmi water injector.

Following the successful completion of the Al OLa-3 well, the rig will drill the infill production well Geyad-6, in the south central part of the Geyad field.

Currently production from the AASE, Geyad, and Al Ola fields is approximately 9,100 bpd.  Cumulative production from the concession has now exceeded 8.9 million barrels of 42° API Crude oil. Water is currently being injected at a rate of around 22,000 bpd, with a cumulative injection to date of approx. 5.4 million barrels.

The NW Gemsa Concession partners include Vegas Oil and Gas (50% interest and operator); Circle Oil (40% interest) and Sea Dragon Energy (10% interest).

Prof Chris Green, CEO, said: “Circle is very pleased with the results of the Al Ola-3 well, which will be completed as a water injector to support the oil production from the updip Al Ola-1 and Al Ola-2 wells. This well result further proves up the southern extent and pressure communication of the AASE field and will add to the ultimate recovery from the field. The rig will now drill the Geyad-6 well, which is intended as a central infill producer for the Geyad field, and is part of the overall plan to improve the productivity of the NW Gemsa accumulations.”