First Calgary Petroleums (FCP) has reported the completion of the MLE-5 well, the fifth gas well located on its 100 percent-held Ledjmet Block 405b in Algeria.
The MLE-5 appraisal well has been drilled and logged to a depth of 4,437 meters identifying net hydrocarbon pay of 55 meters, confirming the eastward extension of five main hydrocarbon pay zones plus one new zone for a total of six pay intervals. The MLE-5 well was drilled 1.3 kilometers east of the MLE-3 gas and condensate well drilled by FCP in 2003.
The well is particularly significant in that it was drilled to test both the eastward extent of the MLE field and the hydrocarbon potential of a previously undrilled fault block. FCP will proceed with a 40-day production test of all six horizons in the MLE-5 well as soon as equipment is moved on location.
FCP expects to commence the acquisition of an additional 550 square kilometers of 3D seismic in March on Block 405b. The acquisition, processing, and interpretation of this survey will take approximately six months to conclude. This will effectively complete the coverage of the Block and allow for imaging of all exploration prospects on the Block.
FCP is a Canadian oil and gas exploration company that is actively engaged in international exploration and development activities, primarily in North Africa. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
