Petroleum Africa
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Thursday, January 9, 2020
Three rigs will be running through 1Q 2020, after which the drilling program will revert to two rigs. The three drilling rigs will continue to drill a combination of production and injection wells to start new waterflood areas and increase production. The focus in 2020 is on updating subsurface static and dynamic models based on the 2019 drilling campaign. This will further optimize waterflood patterns and well spacing, in addition, we expect this to improve sweep efficiency and increase well deliverability and to maximize the probability of achieving and possibly exceeding the upper range of the production guidance.
Exploration
Over 100m of core was acquired in the Al Medina 1X exploration well, which was drilled in January 2019. Special core analysis was undertaken, which confirmed high total organic content in the AR F section. Subsequent geochemical analysis has confirmed that the AR F has entered the generative oil window at this location. A future well at greater burial depths to the north, will be needed to test for oil expulsion. New exploration well activities are deferred whilst the company focuses on the development and production of discovered resources.
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