By OGJ editors
HOUSTON, Mar. 10 – Vegas Oil and Gas SA, Athens, completed the fourth appraisal well in the Al-Amir SE discovery area on the Northwest Gemsa concession in Egypt’s Suez basin.
Al-Amir SE-5 flowed at sustained average rates of 6,150 b/d of 42° gravity oil and 6.9 MMcfd on a 64/64-in. choke with 4,300 b/d and 4.9 MMcfd on a 48/64-in. choke from the upper of two Miocene Kareem sandstones.
The upper pay zone identified in the Kareem Shagar sandstone is 19 ft thick, and the lower pay zone in the Kareem Rahmi sandstone is 17.5 ft thick. The rig is moving to the Al-Amir SE-6 location.
The 260 sq km Northwest Gemsa concession, containing the Al-Amir and Geyad development leases, is 300 km southeast of Cairo in a partly unexplored area of the basin.
Concession partners are Vegas Oil and Gas 50%, Circle Oil Plc 40%, and Sea Dragon Energy Inc., Calgary, 10%.
