By OGJ editors
HOUSTON, June 2 – Vegas Oil & Gas SA, Athens, gauged an apparent discovery at the Safwa NW-1 well on the East Ghazalat concession in Egypt’s Western Desert.
The well cut 30 ft of net oil-bearing reservoir with average porosity exceeding 20% in the Cretaceous Lower Bahariya formation. It flowed 250 b/d of 34° gravity oil from a 14-ft perforated interval, said 50% interest owner TransGlobe Energy Corp., Calgary.
Safwa NW-1 is 2.5 km northwest of the Safwa-1 discovery well that tested 300 b/d of oil from the same formation. Safwa NW-1 was the fourth well and second discovery in the exploration program. A fifth well 1.7 km northeast of Safwa NW-1 is to spud in June to further appraise the Safwa structure.
Fracture stimulation to increase oil production rates from the Bahariya formation is also being investigated. The 858-sq km East Ghazalat concession is in the Abu Gharadiq basin 250 km west of Cairo.
