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Friday, July 26, 2013
The partners on the NW Gemsa Concession (Vegas Oil & Gas, Circle Oil, and Sea Dragon Energy) have successfully tested the Al Amir SE 17 well. During testing the well flowed at a rate of 3,664 bpd.
Al Amir SE-17 (AASE-17) was drilled to a depth of 9,905 ft where both Shagar and Rahmi oil reservoirs were encountered. Log analysis indicates 12 ft of net Shagar pay and 16 ft of Rahmi net oil pay. The well is now producing following completion of testing at a restricted initial rate of 1,134 bpd and 1.31 Mmscf/d on a 24/64” choke. The concession production rate is restricted by surface off-take facility constraints and will be limited to 12,500 bpd until field improvement projects have been completed.
After completing the Al Amir SE-17 well, the rig was moved to the Shehab-2 exploration well location approximately 2 km north of the Geyad field. The well spud in mid-June targeting the prolific Kareem horizon at a projected total depth of 5,000 ft, if successful it is anticipated to open up an area similar in size to the Geyad discovery. Drilling and completion operations are anticipated to take between 30-40 days.
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