First Calgary Petroleums commences drilling on Block 405b in Algeria
First Calgary Petroleums (FCP) has reported that drilling operations have commenced on the MLE-4 appraisal well on the company’s Ledjmet Block 405b in Algeria and the testing program is now underway on the recently completed MLE-3 well.
The MLE-4 well is the fourth well located on the Ledjmet pool. Results from this well will further appraise natural gas and condensate discoveries made by the MLE-1, MLE-2, and MLE-3 wells.
The MLE-4 well is located 4.9 kilometers southwest of the MLE-3 well. It will provide definition of the 5.7 trillion cubic feet equivalent of reserves already estimated by FCP’s independent engineers, DeGolyer & MacNaughton, and allow for the appraisal of further reserve additions.
Projected total depth is 4,500 meters and well operations will take approximately 61 days to drill, log, case, and complete. An extensive production testing program is planned following the release of the drilling rig.
FCP also advised it has commenced a 40 day production test on the recently completed MLE-3 well. The MLE-3 well has cumulative net hydrocarbon pay of 121 meters, comprising six payzones encountered in the MLE-2 well and two new zones for a total of eight pay intervals.
Production tests on the initial two wells on the Ledjmet pool revealed gas and condensate from six zones with cumulative rates of 44,330 barrels of oil equivalent per day (bpd), comprised of 189 million cubic feet of gas per day and 12,874 barrels of condensate per day.
Gas and condensate from three zones was also discovered with cumulative rates of 8,911 bpd, comprised of 43 million cubic feet of gas per day and 1,745 barrels of condensate per day.
First Calgary Petroleums is a Canadian oil and gas exploration company actively engaged in international exploration and development activities, primarily in North Africa. The company’s common shares trade on the Toronto Stock Exchange in Canada (FCP) and on the AIM of the London Stock Exchange in the UK. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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