Circle Oil, the North African focused oil and gas exploration, development and production company, informed that the KSR-A well, located within the Ksiri Central production concession of the Sebou permit, onshore Morocco, reached a TD of 1,890 metres MD on 19 September 2015.
Prospective gas zones were logged, and a completion string installed in preparation for well testing and then connection to existing production facilities, the company said.
Mitch Flegg, CEO, commented: “We are delighted with the results of the KSR-A well. The flow rates achieved during the well test are at the upper end of our range of expectations and the well will now be tied in to our existing infrastructure and put into production as soon as possible. This gas will be sold at fixed rates which are not subject to oil price fluctuations.”
The well will be tied back to the 75% owned Circle Oil pipeline from Sebou to the industrial area of Kenitra ready for production. The well is approximately 680m to the west of KSR-11, for production line tie-back, and 1.12km west of the Ksiri sub-station. The production concession has validity through 2024.