Petroleum Africa
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Thursday, July 10, 2014
TransGlobe Energy said that the first exploration well on the North West Gharib (NWG) concession (NWG-1) discovered approximately 33 ft of net oil pay in the Lower Nukhul. The well was cased for completion as a future oil producer. Following NWG 1 the rig is scheduled to move to NWG 2 followed by NWG 3. NWG 2 and NWG 3 will offset the northwest corner of East Arta which contains upper and lower Nukhul producers.
The company has identified 79 drilling locations based on existing 3-D seismic and geological modeling of the area. Based on current mapping TransGlobe has internally estimated a prospective resource of 71 million barrels on an un-risked deterministic basis for the NWG block. The 2014 drilling program will target up to 58 million barrels of the total 71 million barrels of prospective resource identified to date.
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