Limerick-headquartered oil and gas exploration company Circle Oil has today announced that a site in Cairo “may even be slightly larger than originally thought”, according to the company.
The well (Al-Amir SE-5, 300km southeast of Cairo) has been successfully drilled, production tested and will now be prepared for production.
The company are also moving to test another well in this area (Al-Amir SE-6).
Commenting on this latest appraisal well in the NW Gemsa Concession, David Hough, CEO of Circle, said:
“We are delighted with the successful testing and completion of the Al Amir SE-5 well,” said Circle CEO David Hough.
“The knowledge gained from drilling at this location gives the partners a better understanding of the extent of the reservoir in this area which may now be slightly larger than originally mapped.
“Ongoing drilling will focus on appraisal and development to enable us to better understand the reservoir geology of the field and plan for pressure support in the future when required”.
Circle are now producing 9,000 barrels of oil a day in the region and also produce gas in Morocco.