Vegas hits pay in Egypt’s AASE well

24 June 2013, News Wires – Egypt-focused Vegas Oil & Gas has hit pay in the latest well on its Al Amir SE, AASE, field on the NW Gemma concession, Egypt.

The AASE-17 well was drilled to a total depth of 9905 feet into the Upper Rudei and hit 12 feet of net reservoir in the Kareem Shagar sand and 16 feet of net reservoir in the underlying Rahmi sand.

Concession partner Circle Oil said the well had since been perforated in the Shagar sand interval and flowed at an average rate of 3665 barrels of oil per day and 1.4 million cubic feet of gas per day on a 19.05 millimetre choke, during testing.

It added that, following the completion of the testing programme, the well was now producing at an average rate of 1134 bpd of oil and 1.31 MMcfd of gas on a 9.52 millimetre choke.

The addition of produciton from the AASE-17 well brings the total output from the NW Gemsa concession, which also includes the Geyad field, to 11,038 bpd of oil and 11.6 MMcfd of gas.

Following the completion of the AASE-17 well, the drilling rig was moved to drill the Shehab-2 exploration well, adjacent to the Geyad field.

Shehab-2 lies updip of the Shehab-1 well which encountered water bearing Kareem sands.

Vegas operates the NW Gemsa concession with a 50% interest and is partnered by Circle on 40% and Sea Dragon Energy with the remaining 10% equity.

– Upstream

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