Egypt: Sea Dragon marks progress at Gulf of Suez field

A group led by Vegas Oil & Gas has tested its Al Amir SE-17 development well at 3,664 b/d of oil and spudded the Shehab-2 exploratory well, both on the Northwest Gemsa concession onshore Egypt’s Gulf of Suez basin 300 km southeast of Cairo.

The company is producing Al Amir SE-17 at 1,134 b/d of oil and 1.31 MMscfd on a 24/64-in. choke from Shagar perforations at 9,560-80 ft. The higher-rate test measured 800 psi flowing wellhead pressure on an 8/64-in. choke. TD is 9,905 ft.

Log analysis indicates 12 ft of Shagar net pay and 16 ft of Rahmi net oil pay. Production from the concession is restricted by surface off-take facility constraints and will be limited to 12,500 b/d of oil until field improvement projects have been completed.

Shehab-2, 2 km north of Geyad field, is projected to the Kareem horizon at 5,000 ft. Drilling and completion time is estimated at 30-40 days.

NW Gemsa working interests are Vegas Oil & Gas 50%, Circle Oil PLC 40%, and Sea Dragon Energy Inc. 10%.

Sea Dragon noted that its net production in Egypt averaged 1,933 b/d of oil equivalent in May 2013 including 1,245 boe/d net from NW Gemsa, 206 b/d of oil from the Kom Ombo concession, and 482 b/d of oil from Shukheir Marine field.

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