Centurion Energy has reported that its 2004 drilling program in Tunisia and Egypt is underway. The company’s CTF Rig is currently rigging up at the Robbana-2 location in Tunisia, stated a press release.
It is expected that the rig will be ready to spud the well within two weeks. The well is planned for a total depth of approximately 2,800 meters to test the Upper and the Basal Sands of the Lower Cretaceous Meloussi formation. The well is targeting potential recoverable reserves of up to 50 million barrels. Centurion has an 80 percent working interest with no government back-in right.
Centurion has an active drilling program planned for Tunisia and Egypt during 2004 and 2005. The firm expects to drill up to fifteen wells in 2004 and up to an additional eight wells during 2005. The Robanna-2 well is the first of seven wells planned for drilling in Tunisia in 2004.
Six wells are planned for Egypt during 2004 on the two development leases in the Nile delta. Three wells will target new exploration prospects and three wells will be infill development wells to maintain field deliverability. A suitable drilling rig has been identified and the first well is expected to spud in early April, 2004.
Centurion’s total daily production is currently 10,400 barrels per day (bpd) comprised of gas production of 50.6 million cubic feet per day and oil and liquids production of 2,130 bpd. — (menareport.com)
© 2004 Mena Report (www.menareport.com )