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Circle oil and ONHYM announce that the exploration well CGD-9 has been drilled, logged and successfully tested in the Sebou Permit, Morocco.
Circle oil confirms a discovery in the Lower Guebbas Formation with the well testing gas at a sustained rate of 8.86MMscfd. The well has been completed as a potential producer.
Furthermore planning for the extended well test on the ONZ-6 discovery, which flowed under test at a sustained rate of 3.32MMscfd, is well advanced and initial analysis of the results from the well testing indicates that the well is likely to be commercial.
The final Reserve estimation will not be known until completion and analysis of the extended well test.
source: ONHYM
Circle oil confirms a discovery in the Lower Guebbas Formation with the well testing gas at a sustained rate of 8.86MMscfd. The well has been completed as a potential producer.
Furthermore planning for the extended well test on the ONZ-6 discovery, which flowed under test at a sustained rate of 3.32MMscfd, is well advanced and initial analysis of the results from the well testing indicates that the well is likely to be commercial.
The final Reserve estimation will not be known until completion and analysis of the extended well test.
source: ONHYM