TransGlobe SGZ-6X discovery due on stream in new development lease
TransGlobe Energy Corp., Calgary, plans to bring its South Ghazalat (SGZ)-6X discovery in Egypt’s Western Desert on production at an initial rate of 1,000 b/d of 34° gravity crude oil in this year’s fourth quarter under a newly approved develop lease.
The company will use initial production from the Late Cretaceous Upper Bahariya formation to assess reservoir performance. It plans to truck oil 15 km to a connection with a pipeline to the El Hamra Terminal on the Mediterranean.
TransGlobe, which holds a 100% working interest in the lease, plans to drill an appraisal well in the third or fourth quarter, subject to rig availability. Production from the appraisal well could be tied in to an early production facility to be built for the SGZ-6X well.
The company also is merging and reprocessing two 3D seismic surveys over the 7,340-acre development area to identify targets for future exploration and appraisal drilling.
In Egypt’s Eastern Desert, meanwhile, TransGlobe expects to start production in June from two development wells on the productive West Bakr block, in which it acquired a 100% working interest in 2011.
Drilled to 4,741 ft, the K-63 well recently encountered an estimated 74 ft of net oil pay in the Miocene Asl A formation, based on logs and samples.
It will be brought on production with the earlier drilled H-30 development well, which encountered an estimated 25 ft of net oil pay.
The HW-2X discovery well on the West Bakr concession, with an estimated 113 ft of net oil pay, is producing about 700 b/d.
TransGlobe will move the rig to the Northwest Gharib production sharing contract area to drill the NWG 38D-1 exploration well targeting a fault block adjacent to the producing 38A pool.
(Source: Oil & Gas Journal)