Circle Oil Reports New Egypt Well Put on Production
by Rigzone Staff
|Thursday, March 07, 2013
Middle East-focused junior energy firm Circle Oil reported Thursday that its infill production well, AASE-14X ST, on the Al Amir SE field, Egypt, has been put on production. The stabilized rate of the well was 1,333 barrels of oil per day (bopd) March 5 and 1.4 million standard cubic feet of gas per day (MMscf/d).
The production start-up of the well came after drilling encountered two oil-bearing sands (Rahmi and Shagar) that had 16 feet and 13 feet of net pay respectively. The initial test rate was 3,486 bopd and 3.18 (MMscf/d).
AASE-14X ST is located centrally on the Al Amir SE field, between AASE-1X ST and AASE-12X ST.
The rig used to drill the well has now been released and moved to start drilling the AASE-16X well – a water-injector located in the central western area of the field.
Gross production from the AASE and Geyad fields, where Circle is active, currently stands at 9,600 bopd and 10 MMscf/d.
Circle CEO Professor Chris Green commented in a company statement:
"Circle is very pleased with the positive flow rates from the Rahmi sands of the AASE-14X ST well, where the upside of the Shagar sands remains a target for future production. The rig has been moved to drill the AASE-16X water injector well, which was spud in early March."
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles