TransGlobe’s Production has amounted on June 21 to 10,904 barrels of oil equivalent per day (bbloe/d) from its Egypt concessions, according to a press release.
The company has drilled two wells in the Eastern Desert at West Bakr after the mobilization of the EDC-64 rig from the Western Desert. HW-8 development well, was drilled to a total depth of 1,640.5 meters and encountered oil-bearing sands in the Yusr-C and Bakr formations. This is the company’s first well in its 12-well development program for 2021 that is designed to grow oil production and increase reserves in the Eastern Desert.
The second development well K-64 was drilled to a total depth of 1,538 meters , and encountered oil-bearing sands in the Asl-A, Asl-B, and Asl-D formations. Per the statement, the reservoir section has been fully logged and evaluated, with an internally estimated 20.9 meters of net oil pay in the Asl-A sand, 17.8 meters, and 9.7 meters of net oil pay across the Asl-B sand, and the Asl-D sand, respectively.
In the Western Desert, the SGZ-6X well in the South Ghazalat field has been put on Gas Oil Ratio (GOR) control management to preserve reservoir pressure and maximize recovery. The well is currently producing at a field estimated 700 barrels per day (bbl/d) of light oil with a 4% water cut.
TransGlobe is also evaluating accelerated drilling of an exploration well on the SGZ-7B prospect to the east of SGZ-6X. The earliest SGZ-7B could be drilled is in Q4 2021, the statement added.
“The company is encouraged by our operating results to date both in Egypt and Canada. Utilization of a top-drive rig in Egypt has improved our overall drilling performance as we build experience towards our horizontal program kicking off early in 2022.” Randy Neely, TransGlobe President and CEO, stated.