Petroceltic: First Ain Tsila Development Well 'Successful'

Petroceltic International plc revealed Tuesday that the first of up to 24 new development wells on the Ain Tsila gas and condensate field in Algeria has been “successful”.

Located in the north of the field approximately two miles from the field discovery well AT-1, AT-10 began drilling on Feb. 21 and reached a total depth of 6,578 feet on March 31. Wireline logging results from the well indicate that reservoir quality is in line with the pre-drill prognosis, with an expected initial off-take rate comparable to the AT-1 and AT-8 wells, each of which delivered flow rates in excess of 30 million cubic feet per day on test. Well test results will be confirmed later in 2016 when planned batch completion, stimulation and testing activities are undertaken, according to a company statement.

The rig used to drill the well will now move to the AT-13 development well, which is targeting the Ordovician reservoir.

Petroceltic CEO Brian O’Cathain said in a company statement:

“We are delighted that AT-10 result confirms the success of earlier wells in the highly productive northern part of the field. The Sinopec rig performed above expectations on its first well and we have a number of improvement initiatives planned to reduce future well costs, mitigate development risks on Ain Tsila and maintain momentum towards first gas. We anticipate further operational updates and enhancements to the development plan in the near future.”



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