North West Gemsa Well Put Into Production

Circle Oil, partner in the North West Gemsa development lease in the Eastern Desert, on 27 October announced that the Al-Amir SE-4X appraisal well had been successfully drilled and tested. Al-Amir SE-4X well is the third appraisal well drilled in the Al-Amir SE discovery area and since testing has been connected into the local infrastructure and is in production. A test of the well flowed 42° API crude and gas at sustained average rates of 5,500 b/d and 7.159mn cfd using a 64/64in choke from two pay zones with a total net thickness of 69ft. Circle said a full technical evaluation of all the results is under way to permit development planning and is a precursor to further assessment of the resource potential. It added that an assessment of reserves has not yet been completed. Circle also said the drilling rig has been moved north and has commenced drilling the Geyad 2 well, the first appraisal well in the Geyad discovery area.

The NW Gemsa lease covers a 260 sq km area lying about 300km southeast of Cairo in an unexplored region of the Gulf of Suez Basin. The concession agreement includes the right of conversion to a production license of 20 years, plus extensions, in the event of commercial discoveries. Partners in the license include: Vegas Oil and Gas (50% and operator), Circle Oil (40%) and Premier Oil (10%).

South Malak-1 Well In WEEM Block 2 Ready For Testing

Separately, Aminex Petroleum, a partner in the onshore West Esh El-Mellaha (WEEM) Block 2 production sharing contract in the Eastern Desert, on 27 October said the South Malak-1 well had been drilled to a depth of 11,200 feet and that the hydrocarbon shows encountered and a log analysis of the well supports a testing program for four potential zones. Partners in WEEM Block 2 include: First Energy (48%), Groundstar Resources (20%), Sinopex (20%), Aminex Petroleum (Egypt) (10%), FS International Corporation (2%). The block covers an area of 1,328 sq km. The license was awarded in 2006.

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