FCP commences drilling of fifth well on Block 405b in Algeria
First Calgary Petroleums (FCP) has reported that drilling operations have commenced on the MLE-5 appraisal well on the company’s Ledjmet Block 405b in Algeria.
The MLE-5 well, a 4,550 meter test, is the fifth well located on the Menzel Ledjmet East (MLE) gas and condensate field. The well is located 1.3 kilometers east of the MLE-3 gas well which tested 24,743 barrels oil equivalent per day 9bpd). The MLE-5 well is particularly significant in that it will test a separate structural block, which extends across the eastern side of the field.
A successful well in this location has the potential to add significant reserves to the MLE field. FCP also advised it will commence a 40 day production test on the recently completed MLE-4 well in early January, 2004.
The MLE-4 well, located 4.9 kilometers south of the MLE-3 gas well, was a successful appraisal of the southerly extent of the MLE Field and encountered at least five hydrocarbon-bearing zones with cumulative net pay over 56 meters. A further 33 meters of potential pay was encountered in a deeper horizon.
FCP is an oil and gas exploration company that is actively engaged in international exploration and development activities, primarily in North Africa. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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