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.
Operates 3 Offshore Rigs
- European Oil Producers' Weak Hedging Shows Bet on Price Rebound (Jul 31)
- Mexico Oil Privatization Pays Off With Billion-Barrel Find (Jul 12)
- Premier Oil Expects Weak Pound To Help Bottom Line (Jan 12)