Petroleum Africa
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Tuesday, March 4, 2014
Sea Dragon Energy Inc. and its partners on the NW Gemsa concession, Vegas Oil and Circle Oil, reported a success with the drilling of the Al Amir SE 19 development well. Sea Dragon said the well encountered significant oil bearing reservoir sections in both the Kareem Rahmi and Shagar formations and will be completed as a producer in the Shagar.
The well was drilled to a depth of 10,000 ft where both the Shagar and Rahmi oil reservoirs were encountered. Log analysis indicates 19 ft of net Shagar oil pay and 10.5 ft of net Rahmi oil pay. The well has been completed as an oil producer in the Shagar and has flowed on test light 42.3⁰ API oil at a rate of 1,365 bpd with 1.405 Mmscf/d of associated gas. The well is currently shut in for a build-up but will be placed in production as soon as the rig is moved off location.
Commenting, Paul Welch, CEO of Sea Dragon, said: “The AASE19 well results were very positive. The development program at NW Gemsa continues to deliver superior results and we anticipate another strong year of production from this asset in 2014. It’s a great asset with significant future potential. We are excited about the year ahead in Egypt as the situation continues to improve and I look forward to reporting on the growth of our business there as it expands and develops”.
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