First Calgary Petroleums (FCP) has reported the completion of its fourth successful gas well located on its 100 percent held Ledjmet Block 405b in Algeria.
FCP has completed the drilling, logging and the setting of production casing on the MLE-4 well to a depth of 4,595 meters. Analysis of the logs indicates the MLE-4 well to be a successful appraisal of the southerly extent of the Menzel Ledjmet East (MLE) Field.
At least five hydrocarbon-bearing zones have been identified with cumulative net pay over 56 meters. A further 33 meters of potential pay was encountered in a deeper horizon. This horizon has not been tested so far in the MLE Field but will be included in the upcoming testing program for MLE-4.
The MLE-4 well, located 4.9 kilometers south of the MLE-3 well, is the furthest step-out well drilled to date in the MLE Field appraisal program. It is particularly significant in that it proves the continuation of the field to lower structural elevations and over a large area within Block 405b.
As with the earlier wells, multiple geological intervals are hydrocarbon saturated and will require an extensive production testing program which will commence shortly.
The three wells tested to date have combined flow rates in excess of 77,000 barrels oil equivalent per day (bpd) and the MLE-4 well is expected to substantially add to this total. The location for the MLE-5 well has been built and the drilling rig has commenced the move to this location with drilling expected to start within two weeks. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
