A sidetrack on Greek company Vegas Oil and Gas’s Al Amir SE (AASE) field is now
producing while drilling on another well on the same Egyptian field is now
underway, an associated company has announced.
A sidetrack on Greek company Vegas Oil and
Gas’s Al Amir SE (AASE) field is now producing while drilling on another well
on the same Egyptian field is now underway, Circle Oil has told the London
Stock Exchange.
The AASE 11X ST 1 well, located in the north
west of the field, reached a total depth of 9600 feet before being sidetracked
to the south, then reaching a total depth of 11160 feet.
The well encountered
42 feet of net pay in the Kareem Shagar sand and 22 feet in the underlying
Rahmi sand, with oil bearing sands present to the base of the reservoir.
Circle had installed a
completion for the well as a Shagar sand producer, with the well now producing
at an initial flow rate of 1635 barrels of oil per day using a 32/64 inch
choke.
Gross average
production from the NW Gemsa concession, which contains both the AASE and Geyad
fields, was now at 10,000 barrels per day with the addition of the latest well.
The rig would now be
moved to the south central part of the AASE field to drill appraisal well
AASE-12X, located midway between AASE-5X and Al Ola-1 wells.
The well was spudded
on 25 April 2012 and is currently drilling ahead at 2000 feet in the Zeit
formation towards a total depth of 9800 feet.
Circle Oil’s chief
executive Chris Green said AASE-12X well was intended as an infill producer for
the field as part of a company plan to improve the productivity of the NW Gemsa
concession.
Vegas is operator of
the project with 50%, while Circle holds 40% and Canada's Sea Dragon Energy has
10%.