Canada’s Dover Petroleum has reported that the offshore re-drilling on the target EWA-3X in Egypt will begin by Tuesday December, 16, 2003, weather permitting.
The EWA-3X is the step out well being drilled adjacent to the EWA-2X that was drilled in December 2002. In February, oilfield services company Schlumberger performed further evaluation of the electric logs over the significant oil zones detected in EWA-2X.
The aim of this additional work was to derive a better understanding of the potential of the two carbonate reservoirs to ultimately produce economic oil or not and to plan a step-out well, the EWA-3X, to confirm the significant oil indications observed in the EWA-2X well within the Kareem and Thebes dolomitic limestone reservoirs. In addition, the EWA-3X will be deepened to test the lower Matullah and Nubia sandstone reservoirs, which are very important producers in the Gulf of Suez and
were a primary target untested in the first EWA-2X well.
In May, Schlumberger completed an additional, and more extensive, independent Well Evaluation Report of the drilling at the well target EWA-2X. Schlumberger concluded that the EWA-2X has significant quantities of crude oil in place in the order of 220 million barrels of oil or greater.
Dover Petroleum's wholly owned subsidiary, Dover Petroleum Egypt I, has a 56.25 percent interest in Dover Egypt I Joint Venture, which is a party to an Option Agreement entitling that joint venture to acquire 100 percent of the Operator's interest in the East Wadi Araba Concession Agreement. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
