First Calgary Petroleums (FCP) has commenced drilling on its 100 percent held Ledjmet Block 405b in Algeria. The company’s MLE-2 well has an estimated drilling time of 41 days to log, case and complete.
Drilling will be followed by an extensive production-testing program of all prospective zones. The MLE-2 well is located 2.5 kilometers updip from the MLE-1 well which production tested 43 million cubic feet per day of gas and 1,745 barrels per day (bpd) of condensate from three zones.
The MLE-2 location was selected using 3D seismic data and will be drilled to a depth of 4,450 meters to evaluate all potential pay zones, including the Triassic TAGI formation, the Carboniferous F1 sandstone, and the Devonian.
FCP has acquired 120 square kilometers of 3D seismic covering approximately 60 percent of the MLE gas and condensate pool located on FCP's Ledjmet Block.
FCP's MLE pool, as evaluated by independent reservoir engineers, DeGolyer MacNaughton presently contains proven and probable reserves of 1.021 trillion cubic feet of gas equivalent (TCFe) of which 447 billion cubic feet equivalent (BCFe) are proven.
On completion of the MLE-2 well, FCP will be moving the drilling rig to its 100 percent owned Yacoub Block 406a to commence the drilling of the YCB-1 well. FCP's acreage holdings in the prolific Berkine Basin cover approximately 2,200 square kilometers. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
