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Thursday, December 19, 2019
Rockhopper Exploration has provided an operational update in relation to the Abu Sennan concession in Egypt. Through Rockhopper Egypt, Rockhopper holds a 22% working interest in Abu Sennan.
The company reports that its commitment well, ASH-2, was spudded on October 21, and reached total depth of 4,030 meters measured depth (MD) in the Alam El Bueib Formation on 22 November 2019. The well was drilled as a vertical hole to appraise the Alam El Bueib reservoir to the WSW of the existing well ASH-1ST2, which currently produces 340 barrels of oil per day (bopd). Petrophysics indicate 50m of net oil pay in ASH-2. Modular formation Dynamic Tester (‘MDT’) pressure data indicates the reservoir is un-depleted, close to initial reservoir pressure. The well was completed, perforated and tested with the rig on site with encouraging results. The rig was released on 10 December 2019. The well will be tested at stabilized rates once the rig has moved off site.
The Al Jahraa-12 (formerly WI-1) deviated development well was spudded on August 4 and reached total depth of 4,040m MD in the Kharita Formation on September 2. Operations are ongoing to complete the well as an AR-C reservoir water injector, as was the primary objective for the well. While there was indication of oil pay in the Bahariya, the interval did not flow on test.
Following a successful frac job, production from the AR-C in well AJSE-1X has increased from approx. 200 bopd to approx. 450 bopd.
Current production from Abu Sennan is around 5,100 barrels of oil equivalent per day (boepd) gross (1,120 boepd net to Rockhopper’s 22% working interest). This excludes production from ASH-2 which is awaiting final commissioning.
Rockhopper’s disposal of Rockhopper Egypt, as announced on July 23, is subject to satisfaction of final conditions precedent, including United Oil and Gas shareholder approval and is expected to complete during January 2020.
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