Rockhopper Exploration, the company with key interests in North Falkland Basin and Egypt, reported that its Egypt production holds steady at 5,100 barrels of oil equivalent per day (bopd), while its latest spud well ASH-2 awaits final commissioning.
The committed ASH-2 well, which was spud in Oct, has reached total depth of 4,030 million measured depth (MD) in the Alam El Bueib Formation on 22 November 2019, Rockhopper said.
The well was drilled as a vertical hole to appraise the Alam El Bueib reservoir to the WSW of the existing well ASH-1ST2, which currently produces 340 bopd. Petrophysics indicate 50 m of net oil pay in ASH-2.
Modular formation Dynamic Tester (MDT) pressure data indicates the reservoir is un-depleted, close to initial reservoir pressure. The well was completed, perforated and tested with the rig on site with encouraging results. The rig was released on 10 December 2019. The well will be tested at stabilised rates once the rig has moved off site, Rockhopper said.
Meanwhile, the Al Jahraa-12 well, reached total depth of 4,040 m MD in the Kharita Formation on 2 September 2019.
Operations are ongoing to complete the well as an AR-C reservoir water injector, as was the primary objective for the well. While there was indication of oil pay in the Bahariya, the interval did not flow on test.
Additionally, following a successful frac job, production from the AR-C in well AJSE-1X (Al Jahraa SE-1X) has increased from approximately 200 bopd to approximately 450 bopd.
The company, which holds a 22 per cent working interest Abu Sennan concession, in July signed a sales purchase agreement with United Oil and Gas to sell its Egypt business for $16 million. Earlier expected to close in the fourth quarter, Rockhopper said the completion is expected in January 2020.