Petroceltic Provides Algerian Drilling / Testing Update

Source: www.gulfoilandgas.com 9/22/2006, Location: Africa

Petroceltic International plc provides an update on its testing operations at the ISAS-1 exploration well in the Isarene Permit, Illizi Basin, Algeria. Log analysis indicated the presence of gas saturated sandstone at three separate levels in the well (Ordovician, Devonian and Carboniferous) including a potential gross gas column in excess of 230m in Ordovician Unit IV and Unit III tight sandstones.

Initial, unstimulated, well testing of the three intervals is now complete with gas flowing on test on each of these three intervals. However, details of the test results and possible associated reserves await the approval of the Algerian authorities before they can be published.

The ISAS-1 well will now be suspended in order to facilitate further evaluation which may include well stimulation via hydraulic fracturing. In accordance with the Production Sharing Contract for Isarene, Petroceltic intends to immediately submit a discovery declaration for the Carboniferous interval to Sonatrach and the Algerian Ministry of Energy.

On completion of the ISAS-1 well suspension the rig will move to the HTTW-1 location where drilling is expected to commence in approximately three weeks.

Commenting on the well results John Craven CEO of Petroceltic said I am encouraged by the results of ISAS-1, our first exploration well in Algeria. The presence of gas at three separate stratigraphic levels confirms our view of the multi zone prospectivity of the Isarene permit and the exploration potential of this area of the Illizi Basin.


Nigeria >>  6/28/2022 - It has been announced by Maire Tecnimont S.p.A. that its subsidiaries Tecnimont and Stamicarbon have received a number of new contracts and order vari...
Morocco >>  6/20/2022 - Chariot (CHAR) is happy to announce that it has signed a front-end engineering and design ("FEED") agreement ("Agreement") for the Anchois gas develop...

Egypt >>  6/6/2022 - Eng. Yehia Zaki, chairman of SCZONE, received today a British delegation from the British International Investment to discuss investment opportunities...
Egypt >>  6/1/2022 - The General Authority for Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding with H2-Industries Inc. to build a new Waste-to-Hydro...

Egypt >>  5/30/2022 - Engineer Tarek Al Mulla, Minister of Petroleum and Mineral Resources, stressed the importance of the reform measures taken by the Egyptian state and t...
Egypt >>  5/1/2022 - General Osama Rabie, president of the Suez Canal Authority, announced on Sunday that the channel's navigation statistics during April recorded new and...

Related Categories: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 

Related Articles: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 


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