Circle Oil, the LSE listed minnow, is inching close to 10,000 barrels of oil per day (BOPD) in its only producing concession on the continent. The company placed the Al Ola-1X discovery well, in Egypt’s NW Gemsa Lease, on stream after perforating an interval in the Kareem Rahmi sand and flowing at approximately 1,400 BOPD on a 28/64”choke. The overall production from the Geyad and Al Amir SE fields, on the same lease, was over 8,500 BOPD as of late December 2010. These production levels are now being managed to allow the planned water injection wells to be drilled and the waterflood to become fully operational. “As previously announced, for an interim period, production is expected to be 7,000-8,000 BOPD after which oil production levels will be systematically and incrementa1ly increased together with the planned gas production once the waterfiood is in full operation. Further development drilling is also envisaged with the drilling of Geyad-3.
The Al Amir SE-7X water injector was spud on November 27, 2010 and was drilling ahead (08:00 hrs, 19 Dec 2010) in the Belayim Formation at a depth of 2,645metres(8,677 ft) MD. This well was also planned to drill deeper to test the Lower Rudeis potential previously identified in wells A1 Amir SE 6 and Al Ola-1X.
