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Limerick firm strikes oil in Egypt

Monday, October 22 10:53:00

Limerick-based, North Africa focussed oil and gas explorer, Circle Oil, this morning said it has found both at its Egyptian prospects.

It said that its Geyad-6 was spudded on 10 September 2012 and is located in the south central part of the Geyad field, east-north-east and updip of the Geyad-5 injector.

The well's objective was to appraise both the Shagar and Rahmi sands for production in that location. The well reached a depth of 6,200 ft before being sidetracked to the north-east, for geological reasons, as Geyad-6 ST1 and was then successfully drilled to a total depth of 6,350 ft into the Upper Rudeis. The well encountered 7 ft of net pay in the Kareem Shagar sand and the well has been completed as a Shagar sand producer. The well was perforated in the interval 5,996-6,006 ft and flowed oil and gas on test at an average rate of 1,559 bopd and 1.346 MMscf/d respectively, on a 24/64" choke.

The well has now been placed on production at an initial flow rate of 913 bopd.

"Circle is pleased with the results of the Geyad-6 ST1 well, completed as a Shagar oil producer. This well result further proves up the northern extent and pressure communication of the Geyad field and will add to the ultimate recovery from the field. The rig has now being moved to drill the AASE-13 well, which is intended as a central western infill producer, for the AASE field well and is part of the overall plan to improve the productivity of the NW Gemsa accumulations," said CEO Prof Chris Green.