Gulf Oil and Gas accountACCOUNT

TransGlobe Provides Updates in South Mariut

Source: www.gulfoilandgas.com 1/11/2013, Location: Africa

TransGlobe Energy Corporation provides an operation update on South Mariut. All dollar values are expressed in United States dollars unless otherwise stated.

Operations and Exploration

The Al Azayem #1 well (first well of a planned three well exploration program) reached a total depth of 16,391 feet and will be plugged and abandoned. The primary Cretaceous reservoirs did not contain hydrocarbons. The Jurassic section of the well encountered a gross section of approximately 4,000 feet of Jurassic shale and tight carbonates. The shale in the Jurassic had good hydrocarbon indicators recorded while drilling. Analysis of the drill cuttings will be carried out to determine source rock properties. It is expected that the total well cost will be approximately $9 million ($5.4 million to TransGlobe) which is lower than the budgeted $9.6 million well cost for a 14,500 foot test.

Following rig release, the drilling rig is scheduled to drill the HL-5 prospect (Al Nahda #1) approximately 15 kilometers north of the Al Azayem prospect. The 10,500 foot Al Nahda #1 well is targeting an independent Cretaceous structure (four stacked zones) defined on 3-D seismic. Budgeted at $4.3 million ($2.6 million to TransGlobe), the Al Nahda #1 exploration well is programmed to take approximately 40 days to drill. The Al Nahda (HL-5) prospect was independently evaluated as of December 31, 2012 by DeGolyer and MacNaughton Canada Limited "DMCL". The Al Nahda #1 well is targeting a combined four potential reservoirs that have a Pg unadjusted Mean Gross Prospective Resource volume of 20.2 million barrels.

It is expected that the joint venture partners will finalize the third exploration location early in 2013.

Exploration News in Egypt >>

South Africa >>  10/28/2020 - Africa Energy Corp, an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce a significant gas condens...
Norway >>  10/27/2020 - Exploration activity on the Norwegian shelf is profitable in all areas and minor discoveries account for a significant share of value creation. There ...

Australia >>  10/26/2020 - HIGHLIGHTS
West Erregulla Field
• Warrego and Alcoa of Australia Limited executed a long term1 binding Gas Sales Agreement (GSA) for the s...

United States >>  10/26/2020 - LLOG Exploration Company, L.L.C., a privately-owned exploration and production company operating in the deepwater Gulf of Mexico (“GOM”), announced co...

United Kingdom >>  10/22/2020 - The Directors of 88 Energy Limited provide the following report for the quarter ended 30 September 2020.

Highlights

...

Australia >>  10/21/2020 - Brookside Energy Limited is pleased to provide the following update on the performance of its STACK Play non-operated Working Interest wells (Non-Oper...

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  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

Oil & Gas Projects in Egypt >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.