Further Gas Discovery DRJ-6

Source: www.gulfoilandgas.com 2/8/2011, Location: Africa

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce that the DRJ-6 exploration well has been successfully tested in the Sebou Permit, Rharb Basin, Morocco. DRJ-6 was drilled in April 2009 and, as previously announced, not tested due to local logistical problems at the time of drilling. The Company confirms a gas discovery in the Base Guebbas target. The well tested gas at a sustained rate of 5.363 mmscf/d on a 26/64" choke. The perforated Base Guebbas zone of 1.5 metres at 1,042.25 - 1,043.75 metres MD and 3 metres at 1,046.0 - 1,049.0 metres MD has a calculated net gas pay of 4.5 metres. The well is being completed as a potential producer.

A full technical evaluation of all the results of the well is underway. This will allow for forward planning as a precursor to further assessment of the resource, including conducting an extended well test to give a more complete estimation of the reserves.

Due to bad weather over the last two weeks and some flooding in the permit area, the drilling rig will be demobilised to move onto the higher level KSR-10 site near to the location of the fifth and final well of this campaign, being the KSR-11 exploration well. The rig is expected to be stored for 2-3 weeks whilst weather conditions improve before drilling operations on KSR-11 commence. Further updates will be provided in due course.

The Sebou permit lies to the north-east of Rabat in the Rharb Basin in Morocco. The Rharb Basin is a foredeep basin located in the external zone of the Rif Folded belt. The concession agreement, in which Circle has a 75% share and ONHYM, the Moroccan State oil company, has a 25% share, includes the right of conversion to a production licence of 25 years, plus extensions in the event of commercial discoveries.

Prof. Chris Green, CEO, said:

"The successful testing of DRJ-6 is particularly pleasing as it means that a 100% success rate has now been achieved from the six wells drilled during the first campaign."


Namibia >>  6/22/2022 - Global Petroleum Limited provides an update on its operations in Namibia and Italy.

Namibia
On 25 April 2022 the Company announced th...

Australia >>  6/20/2022 - MINING company Mineral Resources and joint venture partner Norwest Energy believe their Lockyer Deep gas field could be bigger than expected and have ...

Indonesia >>  6/20/2022 - bp has signed the 30-year Production Sharing Contracts (PSC) for Agung l and Agung ll exploration blocks with the government of Indonesia, following t...
Lebanon >>  6/20/2022 - The deadline for oil and gas companies to submit bids for the Lebanon Second Licensing Round has been extended until 15 December 2022. The PGS Lebanon...

Guyana >>  6/16/2022 - Frontera Energy Corporation, joint venture partner with CGX Energy Inc. in the Petroleum Prospecting License for the Corentyne block offshore Guyana, ...
Norway >>  6/16/2022 - ConocoPhillips Skandinavia AS, operator of production licence 1064, has concluded the drilling of wildcat well 6507/4-3 S in the Norwegian Sea.


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.