13th Oct 2015 06:46
LONDON (Alliance News) - Circle Oil PLC on Tuesday said the Ksiri West-A exploration well on the Sebou permit in Morocco has been tested and flowed at a maximum rate of 8.0 million standard cubic feet per day and will now be tied back to a pipeline to begin contributing production.
The oil and gas company said the well was drilled to a total depth of 1,890 metres in September when it logged prospective gas zones prior to testing. The primary Main Hoot target interval was perforated from 1,817 to 1,826 metres measured depth and flowed gas at 8.0 million standard cubic feet per day on a 24/64 inch choke.
"The flow rates achieved during the well test are at the upper end of our range of expectations and the well will now be tied in to our existing infrastructure and put into production as soon as possible. This gas will be sold at fixed rates which are not subject to oil price fluctuations," said Chief Executive Mitch Flegg.
The well will now be tied back to the pipeline that stretches between the Sebou permit to the industrial area of Kenitra ready for production. Circle Oil owns a 75% stake in that pipeline and the Sebou permit, with the Moroccan government owning the other 25%.
The rig used to drill the Ksiri West-A well has now been moved to drill the Caid El Gaddari-13 well, which is the last well to be drilled under the current drilling campaign, it said.
The location lies within the Gaddari Sud exploitation concession near the southwestern margin of the Sebou Permit and the well is thought to contain gas-bearing Miocene sandstones. Depending on progress rates, initial results could be available in approximately 30 to 40 days, said the company.
By Joshua Warner; [email protected]; @JoshAlliance
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