 Circle Oil Plc has announced a new drilling programme in oil Blocks 49 and 52 in Oman, according to the Muscat Daily.
In its operating update, Circle Oil said that the tender process for the forthcoming Block 49 commitment well is in the evaluation stage and drilling is planned to commence within the first half of 2014. “The well provisionally named Shisr-1 is to be drilled on the north-western dip-slope of the Ghudun-Khasfah high, approximately 60km south-west and updip of the Dauka-1 well.”
“The well is targeting an Intra Haima seismic anomaly, with an updip pinchout of the Safiq sands. The well is expected to be drilled to a total depth of 2,500m with a top target at 2,350m, with recoverable prospective resources estimated 14mn barrels of oil,” the company said.
“Drilling is planned to commence within the first half of 2014 and is expected to take up to approximately 45 days without testing. This commitment well is regarded as high risk, with a GCOS (geological chance of success) of 10-12 per cent and completes Circle Oil’s commitment on Block 49,” it said.
Regarding Block 52 operations, Circle Oil said the planned inshore 2D seismic survey on the block is due to commence on March 21 with the seismic vessel MV Hindsagar. “The programme involves acquiring 850km of 2D seismic data to map and prioritise the three inshore leads identified through interpretation of existing 2D data.”
