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Energean hits rock bottom in Upper Egypt

Greek E&P operator finds no oil and gas in test well in Upper Egypt

Energean hits rock bottom in Upper Egypt
Energean hits rock bottom in Upper Egypt

Greek oil and gas exploration and production firm, Energean Oil & Gas which has been prospecting in the West Kom Ombo (WKO) block in Upper Egypt announced that it has abandoned further drilling of an exploration well which yielded poor hydrocarbons results upon initial tests.

The WKO-1X frontier exploration well in the block is located in a 31,521-square-kilometre area. The well reached a total depth of 3,253 feet, ahead of budget in terms of both time and costs, the company stated.

After drilling through heavily carstified limestones, the well encountered a succession of alternating thick shale intervals and sandstones, in cases with good reservoir characteristics.

The bottom-hole rock cuttings were identified to be granitic basement. While elevated gas readings were detected in parts of the sedimentary sections above the basement, no hydrocarbon bearing reservoir rocks were encountered. Therefore, no tests will be run and the well was plugged and abandoned after the acquisition of a logging suite and a vertical seismic profile (VSP).

The acquired logs and VSP are currently under evaluation and they are expected to contribute to the optimisation of the future exploratory steps in the vast area of the WKO Licence.

As part of the committed exploration plan, the Sino Tharwa ST-2 rig is now being prepared to move to drill Prospect-B, approximately 100 kilometres to the southwest of the WKO-1X location.

Energean Oil & Gas through its subsidiaries is a private international oil and gas exploration and production group of companies with a Mediterranean and North African Region focus with oil and gas assets currently operated in Greece and Egypt. Aegean Energy (Egypt) Limited – a subsidiary of Energean Oil & Gas – operates also the offshore East Magawish concession in the Gulf of Suez.

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