Egypt

Vegas Oil & Gas SA, Athens, said its Geyad-2X ST1 appraisal well on the Northwest Gemsa concession in Egypt’s Gulf of Suez basin averaged 3,850 b/d of 42° gravity oil and 4.62 MMscfd of solution gas on a 48/64-in. choke.

By OGJ editors
HOUSTON, Jan. 20
– Vegas Oil & Gas SA, Athens, said its Geyad-2X ST1 appraisal well on the Northwest Gemsa concession in Egypt’s Gulf of Suez basin averaged 3,850 b/d of 42° gravity oil and 4.62 MMscfd of solution gas on a 48/64-in. choke.

The flow came from the upper of two identified pay zones in the Miocene Kareem formation. The upper zone, Kareem Shagar sandstone, has 14 ft of pay, and the untested Kareem Rahmi sandstone has 18 ft.

The well is the second appraisal of the Geyad discovery area and is being prepared for production, said Sea Dragon Energy Inc., Calgary, which has a 10% working interest.

Concession output is 7,350 b/d of oil from five wells, and cumulative production is above 1.2 million bbl.

The rig will drill Al-Amir SE-5, fourth appraisal well in the Al-Amir SE discovery area, with Kareem as the primary target. Vegas Oil & Gas has 50% interest and Circle Oil PLC has 40%.

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