TransGlobe Energy Corporation is pleased to provide an operations update in West Gharib, Arab Republic of Egypt (100% working interest, TransGlobe operated).
Nukhul formation fracture program
TransGlobe successfully completed the first, multi-stage, horizontal ("Hz") well stimulation in the Arab Republic of Egypt ("Egypt") at Arta #12. The final stage of the 600,000 pound multi-stage fracture stimulation ("frac") was completed on June 17. The well was placed on production on June 23. The well continues to clean up as frac fluid is recovered and is producing at an initial pumping rate of 300 - 400 barrels of oil per day ("Bopd"). Pumping rates will be optimized during July when all of the frac fluid has been recovered. Arta #12 Hz was producing approximately 15 Bopd prior to the fracture stimulation.
Following the Arta #12 Hz frac, work commenced on the Arta vertical well frac program. Arta #13 and Arta #1 have been frac'd with Arta #6 and Arta #14 scheduled for later this week. Additionally, the frac program has been expanded to include Nukhul producers at Hoshia #8 and South Rahmi #3.
The East Arta #2 well was drilled as a down dip eastern extension to the Arta Nukhul pool. The well encountered oil in the Nukhul formation approximately 1,000 feet structurally lower than Arta #13 and was cased as a potential Nukhul oil well. In addition to extending the pool to the east, the well encountered a thicker Nukhul including a new, lower Nukhul sand. The well was completed in the lower Nukhul and placed on initial production at 120 Bopd prior to stimulation. The planned frac in the upper Nukhul has been deferred due to the encouraging performance of the un-stimulated lower Nukhul. Additional drilling to the east will be required to determine the down dip extent of the pool.
The Arta #14 was drilled, cased and completed as a Nukhul oil well. The Arta #14 well has successfully extended the Arta pool to the southeast and is scheduled for a frac later this week.
The drilling rig has moved to East Arta for two exploration wells. The East Arta #3 exploration prospect is approximately 2.4 kilometers northeast of East Arta #2 and targeting a Nukhul prospect with an estimated Petroleum Initially in Place ("PIIP") of 4.3 million barrels of oil ("MMBbl") in the Nukhul formation. Following East Arta #3, the rig will move to 8.5 kilometers north to East Arta #4 to drill a Nukhul prospect with an estimated PIIP of 12.5 MMBbl. The PIIP for both prospects are based on in-house estimates using the P-mean case.
A second drilling rig (1,500 HP) was contracted to focus on exploration/appraisal projects in the southern development leases (Hana, Hoshia, West Hoshia and Fadl) which are typically deeper tests. The first well with the new rig, Hana West #9, was drilled to a total depth of 6,910 feet and cased as dual zone oil well. The well encountered oil pay in the Kareem and Lower Rudeis sands. The well is initially being completed in the Lower Rudeis formation similar to Hana West #8 which is producing at a stabilized rate of 400 Bopd.
The rig will move to Hana #23 to drill a dual target (Kareem development and Lower Rudeis exploration) well. Following Hana #23, the rig is scheduled to move to Hoshia #9 for a dual Rudeis/Nukhul well.