Global Leader in International Oil and Gas Industry News

posted in:

Beach Energy -

Beach exploration success in Egypt

Thursday, Oct 13, 2011

Beach advises that gas and condensate discoveries have been made at its first two exploration wells, GPZZ-4 and Al Ahmadi-1, in the Abu Sennan concession in the Western Desert Beach Energy Ltd (ASX: BPT, “Beach”) advises that further detail is now able to be provided regarding the recent announcement to the ASX regarding hydrocarbon discoveries in the Western Desert in Egypt.  Recent test results from both its GPZZ-4 and Al Ahmadi-1 wells indicate both  gas and condensate flows. 

GPZZ-4  was drilled as the first  well of a sixwell program in the Abu Sennan concession.  During initial  testing, gas and condensate flows were recorded from  the lower  Bahariya Formation.  These tests recorded gross  flow rates of approximately 850 barrels (bbls) of condensate and seven million standard cubic feet (MMscf) of gas per day.  This equates to a gross equivalent flow rate  of approximately 2,000 barrels of oil equivalent  (boe) per day.

GPZZ-4 also recorded flows from  the  Abu Roash “G” Member and the upper  Bahariya Formation with initial rates of approximately 150 bbls of condensate and 1.6 MMscf of gas per day.

The second well, Al Ahmadi-1,  also  recorded gas and condensate flows within the Abu Roash  “G” Member.   Initial tests recorded gross flow rates of approximately 800 bbls of condensate and 13.5 MMscf of gas per day.  This equates to a gross equivalent flow rate of approximately 2,900 boe per day.   Al Ahmadi-1 also recorded flows from the lower Bahariya Formation with initial rates of approximately 70 bbls of condensate and one MMscf of gas per day.

It is expected that these discoveries will be tied in to nearby infrastructure, located within 10 kilometres of the discoveries. 

Both rigs are now being mobilised to drill the next exploration targets, Al Jahraa and El Samiya, which will focus on multiple Cretaceous horizons.  Spudding of these wells is expected over the coming weeks.

The Joint Venture equity interests in Abu Sennan are:

Beach (via wholly owned subsidiary Beach Petroleum (Egypt) Limited) - 22%

Kuwait Energy - 50% and Operator

Dover Petroleum - 28%

Source: Beach Energy

To access over 2,500 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

OMVS explores adding oil & gas transportation services 16-04-2014
Octagon 88 Resources announces Red Earth light oil project update 16-04-2014
Dejour sees 60% increase in net production at Woodrush 16-04-2014
Silver Fox labels exhibit excellent results in latest long-term UV tests 16-04-2014
Integrated Oceaneering team combines technologies for Australian success 16-04-2014
SoCalGas Unveils Branded, Public-Access Compressed Natural Gas Refueling Station 16-04-2014
First Liquified Natural Gas Tank Rolls Off Assembly Line 16-04-2014
Barryroe farm out update 16-04-2014
Gastar Exploration Resumes Unrestricted Marcellus Shale Production 16-04-2014
Contract award 16-04-2014