Circle Oil's KSS-A Well on The Sebou Permit Disappoints

Source: www.gulfoilandgas.com 8/26/2015, Location: Africa

Circle Oil plc, the North African focused oil and gas exploration, development and production company, provides the following information on the progress of the Ksiri South (KSS-A) exploration well on the Sebou permit, onshore Morocco.

The KSS-A well was an exploration well targeting two objectives in the Miocene Gaddari sands. The well encountered unexpected lithology above the primary objectives and as a result, the well has been plugged and abandoned. The technical data from the well is being assessed in line with available seismic with a view to assessing further drilling in this area at a later date.

The rig will now be mobilised to drill the Ksiri West (KSR-A) exploration well in the Sebou permit in the Rharb Basin. This well is targeting Miocene Hoot sandstones in a structurally downthrown location which has been penetrated successfully by the KSR-8, KSR-10, KSR-11 and KSR-12 wells.

The principal target is in the hanging wall of the Ksiri West fault sequence. There are channelised sand bodies within the Main Hoot sequence which display a significant seismic (low) amplitude anomaly found to be caused by gas-filled porous sands in several nearby wells. The anomalous amplitude event is interpreted to be at approximately 1,789m TVDSS, 30m higher than the equivalent target sand found in KSR-8 across the Ksiri West fault. A shallower, smaller, secondary target is recognised in Miocene Guebbas sands at 1,303mTVDSS. The well has a proposed TD of 1860m TVDSS.

Depending on drilling progress rates, initial results of the well could be available in approximately 30-40 days.

Commenting on the results of the KSS-A well Mitch Flegg, CEO, said:
"The drilling conditions at KSS-A proved challenging, and as a result it was decided to plug and abandon the well in order to allow time for a new well design to be engineered. This was the most cost-effective approach and it will allow drilling of the KSR-A well to commence ahead of schedule. Although we are disappointed to have not reached the prognosed TD of KSS-A, we have minimised any cost implications by quickly moving on to the next well in the campaign."

The Sebou permit is a partnership between Circle Oil Maroc Limited (75%) and ONHYM (Office National des Hydrocarbures et des Mines) (25%).




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