Drucker commences drilling in the Gulf of Suez
The Board of Directors of Drucker Incorporated recently announced that drilling operations have commenced at the Hana Deep 1 location, on the joint venture's west Gharib block in Egypt. The Hana Field is currently producing approximately 1,200 barrels per day (bpd) of 26 degree API oil from the Miocene Kareem reservoir.
The site is the first of a planned three-well exploration program, to be drilled within the limits of the Hana Field but will explore the multi reservoir potential of the Rudeis Sand to a depth of approximately 7,000 feet, confirmed a press release.
The Hana-8 well, which was drilled in November 2000, was the first well to encounter the Rudeis formation and tested 1,000 bpd of 33 degree API oil in the Upper Rudeis reservoir. The Hana Deep-1 well will penetrate the same Upper Rudeis productive zone but updip from Hana-8 and will be deepened to also test the Lower Rudeis reservoir zones.
The second well, Hana South-1, will be drilled to an approximate depth of 6,000 feet to test the Kareem and Upper Rudeis reservoirs in a structure immediately adjacent to the Hana Field. This structure is potentially a large extension of the main Hana structure. The well is expected to take three to four weeks to drill. The rig being used to drill the well is the 1,500 horsepowered Number ZJ45L of the Chinese Shengli Bohai Drilling Company. This rig has been booked for two confirmed wells and two optional wells.
Drucker is a Canadian based international petroleum resource company specializing in the exploration and development of oil and gas projects. Drucker has signed a farm-in agreement with Tanganyika Oil Company to earn a 20 percent working interest in their concessions in the Gulf of Suez Basin in Egypt by funding 40 percent of drilling the first couple of exploration wells and by funding 20 percent of all seismic, subsequent drilling, and other operating expenses to production. — (menareport.com)
© 2002 Mena Report (www.menareport.com)