According to the company, the Kareem Shagar Formation Sandstones under test flowed 42 degrees API oil at a sustained average rate of 4,626bopd and 3.91mmscfd of gas using a 48/64″ choke from the upper of the two identified pay zones.
The well, which is the fifth appraisal well to be drilled in the Al-Amir SE discovery area, was shut in for a pressure build up and later placed on stream at an initial rate of 1,106bopd using a 16/64″ choke.
Log result interpretations indicate that the total net thickness of the tested pay zone is approximately 30ft in the interval 9,806ft to 9,836ft measured depth.
The NW Gemsa concession, containing the Al-Amir and Geyad Development Leases and covering an area of over 260sqkm, lies about 300km southeast of Cairo in a partially unexplored area of the Gulf of Suez Basin.
The concession agreement includes the right of conversion to a production license of 20 years, plus extensions, in the event of commercial discoveries. NW Gemsa partners include Vegas Oil and Gas (50% interest and operator), Circle Oil (40% interest), and Sea Dragon Energy (10% interest).
The Al-Ola X-1 well spudded on July 15 and, as at July 20, was drilling ahead at 1,542ft. This well is being drilled outside of the southern boundary of the Al-Amir SE Development Lease and is intended to capture a southern extension to the Al-Amir SE oil field.
With the placement of the Al-Amir SE-6 well on stream, the NW Gemsa gross production has now reached approximately 9,500bopd.
