Project Profile
Value: US$50 million
Location: Western Desert, Egypt
Gross Production: 3,300 boepd (August, 2017)
Start-up Year: August 2016
The Al Ahmadi-1 well has spudded and is being drilled vertically to a total depth of 3,570 metres. Al Ahmadi-1 is 700 metres west and 160 metres up-dip of GPZ-1 (drilled in 1982) which encountered oil shows throughout the Abu Roash and Bahariya Formations. The GPZZ-4 well reached a total depth of 4,715 metres with oil shows encountered throughout the Cretaceous section. A second rig has been mobilised to undertake cased hole tests of four prospective intervals in the well.
Production from the Al-Jahraa SE-1X exploration well in the Abu Sennan concession located in the Western Desert, Egypt has now begun. Kuwait Energy obtained the development lease from the Egyptian Petroleum Corporation (EGPC) for Al-Jahraa SE-1X commenced production on 25 August 2016 at an initial rate of 460 bopd from the Abu Roash E (AR-E) formation. The well is producing at a 2” inch choke size and production has stabilized to a daily average rate of 410 bopd. (September, 2016)
Operators:
Kuwait Energy: Operator with 25% interest
Rockhopper Exploration (through acquiring Beach Limited): 22% interest
Dover Petroleum: 28% interest
Global Connect: 25% interest