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Friday, August 9, 2013
Partners on the NW Gemsa Concession in Egypt, Vegas Oil & Gas, Circle Oil, and Sea Dragon Energy encountered a significant oil bearing reservoir with the drilling of the Al Amir SE 18 development well. The reservoir section was found in the Kareem formation and will be completed as a producer.
Al Amir SE-18 (AASE-18) was drilled to a depth of 10,400 ft where both the Shagar and Rahmi oil reservoirs were encountered. Log analysis indicates 34 ft of net Shagar oil pay and 32 ft of net Rahmi oil pay. The well was originally drilled as a proposed injector but the structure was encountered 200 ft higher than the original prognosis, with the encountered intervals being also thicker and better quality than the most recently AASE-17 well.
The AASE-17 well flow tested 3,664 bpd of oil from a 12 net ft interval in the Shagar as reported on June 21. The AASE-18 will be completed in the Rahmi as a producer with the well being tested prior to being put on production. The results of this flow test will be reported in a future announcement.
The partners did see as much success with the drilling of the Shehab-2 exploration well. The well successfully reached TD and encountered potential gas bearing sands in the Rudeis formation and water wet intervals in the Kareem horizon. Subsequent production tests failed to flow to surface and the well will be temporarily abandoned pending further evaluation.
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