Continental Focus, International Reach

Red Bed Well Encounters Oil

Thursday, December 21, 2017

TransGlobe Energy has drilled the NWG 38A2 on the North West Gharib concession. The well was cased as a Red Bed oil well in the NWG 38 pool. The NWG 38 A2 appraisal well was drilled to a total depth of 5,315 ft and encountered approximately 112 ft of Red Bed formation with an estimated 17 ft of net oil pay based on open-hole logs and MDT samples. The well is scheduled for completion in early 2018 and will be tied into the NWG early production facility.

According to the report from TransGlobe, the NWG 38 A2 intersected the NWG 38 red bed pool in a structurally lower position (~43 ft lower) increasing the known “oil down to” for the 38A pool, which is currently producing around 700 bpd from two wells.

Based on NWG 38A2 pressure data, the company has initiated permitting to drill a structurally down dip injector and commence a pressure maintenance scheme (water flood) in H1 2018 to increase recoveries similar to the Arta Red Bed pool in the adjacent West Gharib Concession.

The drilling rig is stacked on site pending approval of additional drilling locations in the Eastern Desert concessions in early 2018. TransGlobe is currently finalizing the 2018 work plan and budget which will be announced in January.


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