Groundstar Resources Ltd., Calgary, plans to shoot 2D seismic in early 2008 over five high-potential structures on the 42,291 sq km West Kom Ombo Block in southeastern Egypt.
Preliminary processing of 835 line-km of 2D seismic data acquired by Repsol YPF SA in 1997 shows several large Cretaceous structures, Groundstar said. The company noted that Centurion Energy International Inc., Calgary, has a $30 million plan to develop a discovery on Block 2 to the east that tested 37° gravity oil from a Cretaceous reservoir at 4,000 ft (OGJ Online, Sept. 6, 2007). It added that the Repsol KO-1 well and the Centurion KO-4 well had oil shows in potential sandstone reservoirs below 8,000 ft.
Groundstar, with 60% working interest, said its block has a thicker sedimentary section (see map, OGJ, Mar. 26, 2007, p. 34). Centurion is a subsidiary of Dana Gas PJSC, Sharjah.
Meanwhile, TransGlobe Energy Corp., Calgary, and its partners in Nuqra Block 1 east of the Nile River entered into the first 3-year extension that requires completion of two wells.
