Al Amir-2 Doesn't Make the Cut

Premier Oil plc said that the Al Amir-2 well, which was drilled to appraise the 2005 Al Amir discovery on the onshore North West Gemsa Concession in Egypt, is being plugged and abandoned.

The discovery well, Al Amir-1, had flowed oil at over 750 bopd from the South Gharib Formation. The Al Amir-2 well has confirmed oil at the same reservoir level; however, on test the well flowed water and oil at sub-commercial rates.

The joint venture is evaluating the data to identify the options for the forward program on the license, including a long-term production test on Al-Amir-1. Premier holds a 37.5% share in the license.

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