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Thursday, February 2, 2017
TransGlobe Energy Corp. in its recent operations update revealed that as a result of its 2016/2017 drilling program in Egypt’s Eastern Desert, it made a discovery with the drilling of the NWG-26 ST. The discovery was made subsequent to its mid-Q4 report.
The NWG-26ST was drilled to a total depth of 4,105 ft targeting a potential Red Bed discovery at NWG-26 which had been abandoned due to hole conditions. The NWG-26ST well encountered approximately 155 ft of gross Red Bed conglomerates with 36 ft of net oil pay based on internal estimates. The company said it is expected that the tighter conglomerate encountered in NWG-26ST will require a fracture stimulation, similar to the Red Bed conglomerates in the West Gharib concession.
Also subsequent to the company’s mid-Q4 report TransGlobe drilled two other wells; one development well (Arta 74) and one dry hole (SWG-2). At the time of the latest release the company was drilling an exploration well at SWG-4 targeting a pre-rift prospect with one rig and a second drilling rig is drilling the NWG-28 exploration well targeting a Miocene prospect south of the West Bakr K field.
Arta 74 was drilled to a total depth of 4,167 ft and encountered 105 ft of gross reservoir with 56 ft net oil pay in the Arta Red Bed pool based on internal estimates. The well is scheduled for completion and initial production in February.
SWG 2 was drilled to a total depth of 7,340 ft targeting pre-rift Matulla/Raha/Nubia clastic structures. The well encountered minor hydrocarbon shows while drilling however reservoir sands were wet. The well was plugged and abandoned.
The company has a long list of appraisal and exploration wells planned for the remainder of the drilling program. TransGlobe has received access approvals on 28 appraisal and exploration wells in NWG focused on the Red Bed discoveries at NWG 27, NWG 38, NWG 26 ST and additional untested exploration prospects located immediately adjacent to the NWG 3/38 development lease.
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