Petroleum Africa
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Wednesday, September 26, 2018
TransGlobe Energy updated its activities in Egypt’s Western and Eastern Deserts. The company drilled a well on the North West Sitraconcession in the Western Desert targeting a stacked Cretaceous/Jurassic prospect, the NWS 12X. The well was drilled to a total depth of 13,300 ft.
The well encountered the targeted zones however no hydrocarbons were found. The well is being plugged and abandoned. With the drilling of NWS 12X, TransGlobe has met the first phase work commitments.
Prior to January 7, 2019 the company can elect to enter the second and final exploration phase (3.0 years after the extension of phase one). The second exploration phase has a two well ($6.0 million) work commitment and a mandatory relinquishment of 30% of the original concession area not held by development leases. A final decision on whether the company will elect to relinquish the concession or enter the second exploration phase of the concession will be made following a full evaluation of the data obtained from the wells.
In South Ghazalat (SGZ) the company is preparing the location for SGZ 6X, the second exploration well in the concession. SGZ 6X is located on the eastern portion of the concession offsetting the Raml oil field in the Abu Gharadig Basin. The SGZ 6X prospect is targeting stacked Cretaceous targets similar to the Raml and SW Raml fields. Site construction is underway and it is expected that SGZ 6X will be drilled in October/November.
In the Eastern Desert on the West Bakr, TransGlobe drilled a two-well infill program in the M field resulting in two oil wells during August/September. M-North was drilled to a total depth of 5,113 ft and cased as an oil well. M-North encountered an internally estimated 132 ft of net oil pay. The M-North well is currently producing at around 750 bpd. M-South was drilled to a total depth of 5,077 ft and cased as an oil well. M-South encountered an internally estimated 142 ft of net oil pay. The M-South well was placed on production at an initial rate of about 500 bpd in September. Both of these wells have exceeded internal pre-drill estimates of initial production rates.
Following M-South, the rig was moved to NW Gharib 38A-7 to drill a potential water injector in the NWG 38A pool. The NWG 38A-7 well is currently drilling as a potential water injector targeting the 38A Red Bed pool in a structurally lower position 0.4 kilometers south of the NWG 38A Injector well (NWG 38A-I, drilled Q2). The NWG 38A-I well encountered oil with an internally estimated 34 ft of net Red Bed oil pay and was placed on production in September at an initial rate of around 110 bpd (following a fracture stimulation). Should the NWG 38A-7 well also encounter additional oil column, the company has planned an additional well further south at NWG 38A-8 as a contingency for reservoir pressure support.
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