The Ezzaouia-14 well was prognosed to drill a separate structure to the south of the current producing Ezzaouia field. The drilling rig used for Ezzaouia-14 is being demobilized and will move to the Ezzaouia-15 development location shortly.
Centurion is also pleased to report that on June 10, 2004 production resumed from the Al Manzah water injection project in Northern Tunisia. Current production from Al Manzah is 820 bopd (Centurion 75% WI) and is sold at a premium to current world oil prices. Centurion has not included any incremental production from Al Manzah or Ezzaouia-14 in its production estimates for 2004.
This additional production, combined with existing production at Centurion's other fields in Tunisia and Egypt, brings total current production to approximately 9,800 boepd. Current production figures are approximately 800 boepd lower than normal as they do not include any gas production at SEEB as the plant is shut-down for turbine maintenance work. Resumption of SEEB operations is expected in approximately 3 weeks at which time daily production will return to approximately 10,600 boepd.
In Egypt, Centurion is focusing on accelerating the 2004 drilling campaign based on the success achieved with the El Wastani-3 production tests. Centurion is embarking on an aggressive gas reserve development program focusing in the Nile Delta area of Northern Egypt. The next well, Gelgel-2, is expected to spud in mid July and will target the same channel sands encountered in Gelgel-1. A further 6 wells are planned for 2004 in Centurion's El Manzala concession in the Nile Delta.
Centurion has also commenced negotiations with the Egyptian Gas authorities to increase the daily gas quota from the El Manzala concession. Early indications suggest that Centurion should be able to double its current gas quota in the next 12 months. Accordingly, engineering and tie-in work has already commenced on the recent El Wastani-3 discovery to be able to capitalize on the pending gas quota increase.
Most Popular Articles