Circle Oil completes infill drilling campaign on North West Gemsa field

circleoilCircle Oil plc, the international oil and gas exploration, development and production company announces that the 2016 infill drilling campaign on the North West Gemsa field (Circle Oil 40%, NPIC 50%, SDX 10%) has been completed. The second of the two production wells, AASE-24 has been drilled to TD, completed and tied in to the production infrastructure. On 16 May a well test commenced and the well flowed at a gross average rate of 1,714bbls/day of oil and 3.062mmcf/d of gas through a 40/64″ choke.

The well will be produced at a lower rate in order to best manage the long term field production.

egypt_nw_gemsa

NW Gemsa field in the Gulf of Suez (Source: Circle Oil plc)

Circle CEO, Mitch Flegg said:
“We are pleased with the results of this two well drilling campaign which will help to maintain production rates and manage field production. There is no further drilling planned in 2016 although there is an ongoing workover campaign which we also expect to help maintain production levels.”

(Source: Circle Oil plc)

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